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

2021-06-03T08:59:55-05:00By |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 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 if Family Doesn’t Want, or Have the Ability to Fill Your Shoes as Leader?

2021-04-23T15:20:27-05:00By |Succession Blog, Video|

Some sort of transition strategy, or a succession plan, is critical for every family business. What will the future look like, will it stay in the family, do we want to sell are 3 critical questions to consider. Listen in and learn from Jean Venant, a succession planner with The [...]

Creating Leadership Bench Strength for Succession Planning

2021-06-08T09:06:35-05:00By |Succession Blog, Video|

Listen in to Jéan's insight into how to create organizational bench strength to power your business through transition. The term bench strength may appear indirectly placed in your business as the term generally relates to a weight lifting exercise. However, just as an individual leverages a bench press to create [...]

Bench Strength: How to Develop Your Bench and Make Changes to Your Roster

2021-04-23T16:05:36-05:00By |Multi-Unit Franchising, Succession Blog|

When we think about our organization and what keeps it strong and, if done right, provides plenty of bragging rights, it points right to our people. People are our biggest asset, and developing them, so they are loyal, dedicated, engaged, and all the other adjectives we use to describe the best of the best [...]

Family Business: Harboring Gratitude versus Resentment

2021-06-08T09:07:17-05:00By |Succession Blog, Succession Matrix-10 Point Perspective, Video|

Listen in to Hugh’s insight into how to create meaningful strategies to ensure you are harboring gratefulness versus unintended resentment amongst family. A grateful heart is significant when we feel we’ve gone above and beyond to provide something for our children/grandchildren. Knowing our children are thankful usually inspires us to [...]

Develop a Succession Plan to Protect Your Business and Assets

2021-04-15T15:38:20-05:00By |Multi-Unit Franchising, Succession Blog, Video|

Without a succession plan, multi-unit franchisee owners are giving up their control over to the fate of the environment.  Every business owner should at least think through succession strategies.  Listen to Jeff Bannon’s insight which provides some next steps to get started and key issues to think through. There is [...]

How Do I Deal With the Petty Crap I Endure as a Leader of My Family’s Business?

2021-05-07T15:21:39-05:00By |Dr. Merlot, Succession Blog, Video|

When family members join the business, the emotional landscape changes. Any imperfections in intra-family communication, respect, and/or patience are exasperated by business expectations, nuances, and pressures. Even the closest and most balanced families find themselves struggling with crap from what appears to be never-ending sources. If it’s not concern over [...]

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