50/50 Is Not Always Nifty: Partnerships that Don’t Work

2021-07-02T09:24:27-05:00By |Succession Blog, Video|

In Marvin Storm's Business Exit Strategies Podcast Episode titled: "50/50 Is Not Always Nifty – Partnerships That Don’t Work, Champ and Loyd Rawls share 4 different stories illustrating the potential, possible and probable issues impacting the ongoing success of the business.  Highlights include: The CONTROL Rod: A family operation with three [...]

How Can Franchisees and Dealers Retain or Increase Their Sales?

2021-05-17T16:13:31-05:00By |Advisor Collaboration, Burning Questions, Multi-Unit Franchising, Video|

Unknowns and uncertainty can have a direct negative impact on culture. Emotions stir internally, therefore a store manager has to reset the thermostat to a “we will thrive” setting. How you react matters when coming out of a pandemic, crisis, or any other situation in which your employees may be [...]

How Can I Protect Our Multiples & Value During Difficult Times?

2021-05-10T10:05:13-05:00By |Advisor Collaboration, Burning Questions, Multi-Unit Franchising, Video|

Protecting the value of your business is what succession planning is all about. When going through, as well as, once on the other side of difficult times, take another look at your business with a fresh set of eyes.  Consider looking at your business from a buyer's perspective.  It is [...]

What Should I Do Now to Operationally Protect My Business From the Unknown?

2021-05-10T09:48:47-05:00By |Advisor Collaboration, Automotive, Burning Questions, Video|

The unknown is unpredictable and unavoidable. However, you can protect your business from an operational perspective in some very simple ways. One of the most critical components revolves around communication. Clear, open, and consistent communications with clients, customers, and employees help to keep rumors and uncertainties to a minimum while [...]

How Do I Safeguard Business Continuity if I, as the Operator or Key Leader, Gets Sick?

2021-05-24T08:31:33-05:00By |Advisor Collaboration, Burning Questions, Multi-Unit Franchising, Video|

It should not take a pandemic to showcase the importance of planning. Prior to the pandemic, many business owners had not considered the creation of a contingency plan, however, it is top of mind for many now. One way to ensure you have protected the operational and financial continuity of [...]

How Do I Motivate My Children, Nephews, In-laws, etc. to Come Into My Business?

2021-04-29T11:43:20-05:00By |Dr. Merlot, Succession Blog, Video|

Your behavior and attitude towards the business act as role model behavior for your family. Therefore, speaking and showing positive feelings regarding the business is the best way to motivate the family to join. Express how much you enjoy it, the exciting and wonderful career opportunities and prospects for growth. [...]

What is Changing In the Areas of Estate Tax?

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Planning Opportunities To Take Advantage of Now

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Leadership in Uncertain Times

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