Misconception #5 - A Succession Plan Isn't Needed If I Plan to Sell A common misconception is the thought that plans to sell your business negate the need for succession planning. Unfortunately, this thought process couldn't be more wrong, and has a direct impact on the amount of cash you’ll have in your pocket [...]
Misconception #4 - I'm Too Young to Think About Succession Planning Translation: “I am bulletproof and have no intention of dying prematurely; I am not interested in enhancing business productivity, profitability and teamwork; the business is all about me; and I am not interested in protecting the value of my business and the welfare [...]
Misconception #3 - Succession Planning and Business Growth Aren't Related Succession planning is not about you leaving the business; it’s about building a foundation of success today that will set the course for future generations. Your organization may be in 'growth mode' so you’ve put succession planning on the back burner. But growth without [...]
Misconception #2 – Succession Planning Means Retirement Planning Succession planning often fuels a myriad of emotions. “No one is gonna push me out!” “Succession, that’s all about retirement, and I’m not going anywhere anytime soon!” “I like control; I’m not giving it up!” While all of these are valid emotions [...]
Misconception # 1- “I’m All Taken Care Of “I have it all done.” “My estate and exit strategy are in order.” “My attorney and CPA have me covered.” These are beliefs are commonly expressed by many business owners. While there may be confidence and truth behind these statements, what the [...]
NextGen leaders can feel like they are between a rock and a hard place: Working to fulfill expectations of ownership, making their personal mark in the organization and overcoming the unknowns of the future. The NextGen web series is to give you insight, tools and resources to help you succeed and continue to add value [...]
View the replay as the NCM® Associates and The Rawls Group experts tackle critical problems that challenge the success and profitability of your dealership. In a Panel Question/Answer Style format, discussion topics will focus on: How to thrive in spite of constant changes to technology, legislation, consumer preferences, and the market. Best strategies to plan [...]
In this video segment, The Rawls Group's founder, Loyd Rawls, teams up with DHG Dealerships Partner, Leslie Fry, to touch on a few strategies to help expose some barriers to enable a smooth leadership transition from dealer to child. Interested in what Loyd and Leslie had to say in Part 1 of the series? Click [...]
In this video segment, The Rawls Group's founder, Loyd Rawls, teams up with DHG Dealerships Partner, Leslie Fry, to address how such family dynamics impact a given dealership’s performance. Check out Part 2 and hear what Loyd and Leslie have to say about a Click Here Read the Case History Download PDF version of Case [...]
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