Succession Blog

Building a Legacy: Family Business Succession Planning for Multi-Unit Franchisees

2023-09-29T15:20:20-05:00By |Advisor Collaboration, Multi-Unit Franchising, Succession Blog, Video|

For entrepreneurs and multi-unit franchisees, the dream of business ownership often revolves around creating wealth, enjoying a supportive lifestyle, and eventually reaping the rewards of a successful business sale. However, to turn this dream into reality, it's crucial to have a well-thought-out business succession strategy from the very beginning. In this article, we delve [...]

Family Business Valuation and Succession Planning: Understanding Key Triggers and Timing

2023-09-29T15:11:24-05:00By |Advisor Collaboration, Automotive, Succession Blog, Video|

Family businesses are not just about the present; they are about securing a legacy for the future. To achieve this, family business owners must navigate the intricate process of succession planning while also assessing the strategic growth and overall value of their businesses. In this article, we will explore the critical aspects of family [...]

Navigating Valuations and Succession Planning for Car Dealers

2023-09-27T19:45:08-05:00By |Advisor Collaboration, Automotive, Succession Blog, Valuations & Succession Planning for Car Dealers, Video|

In the dynamic world of automotive dealerships, one constant remains, which is change. Whether you're a seasoned dealership owner or a key player in the automotive industry, understanding the pivotal events that trigger valuations is essential for informed decision-making and the continued success of your family business. In this video, [...]

Developing Talent, & Making a Lasting Impact: Strategies for Minority Car Dealers

2023-08-11T13:44:55-05:00By |Automotive, National Association of Minority Auto Dealers, Succession Blog, Video|

Auto dealership owners face unique challenges when building wealth and planning for the future. With a rapidly changing industry, it's crucial to have a solid plan for succession and financial stability. From identifying talented individuals within the organization to expanding investment portfolios, there are an array of strategies dealers can [...]

Timing Valuations for Car Dealers: When and Why

2023-09-27T19:42:44-05:00By |Advisor Collaboration, Automotive, Succession Blog, Valuations & Succession Planning for Car Dealers, Video|

In the fast-paced world of car dealerships, knowing when to pursue a valuation for your business is a question that often puzzles owners. In this video, we explore the critical timing considerations for valuations, focusing on one area that demands precision: wealth transfer within the next generation of dealership owners. [...]

Unlock Your Path to Multi Unit Franchisee Success

2023-07-07T15:17:14-05:00By |Multi-Unit Franchising, Succession Blog|

Mastering Objectives and Strategy for a Thriving Future Approximately 20% of new businesses fail during the first two years of being open, according to data from the Bureau of Labor Statistics. Additionally, 45% fail during the first five years, and 65% fail during the first 10 years. However, only 25% of new businesses survive [...]

10 Aspects of Succession Planning in Automotive Retail

2023-09-27T12:36:23-05:00By |Advisor Collaboration, Automotive, Strategic Considerations in Automotive Retail, Succession Blog, Video|

Succession planning is critical to any business; auto dealerships are no exception. With the automotive industry constantly evolving and facing new challenges, effective succession planning has become more crucial than ever before. Recently, George Karolis from The Presidio Group and Champ Rawls from The Rawls Group discussed the multifaceted landscape [...]

The Vital Difference between Estate Planning and Succession Planning for Your Business

2023-07-07T10:28:33-05:00By |Agriculture, Succession Blog|

As the saying goes, "failing to plan is planning to fail," - and this statement couldn't be more valid in growing your business. To achieve your vision and ensure long-term success, it's not enough to focus solely on the present; you must also proactively create strategies and plans to turn your dreams into reality. [...]

Leveraging Valuations for Strategic Growth in Car Dealerships

2023-09-27T19:53:53-05:00By |Advisor Collaboration, Automotive, Succession Blog, Valuations & Succession Planning for Car Dealers, Video|

In this enlightening video discussion, Dan Iosue, a succession planner from The Rawls Group, and Scott Womack, an experienced valuation expert from Mercer Capital, take a deep dive into the transformative potential of valuations for strategic growth within the realm of car dealerships. They emphasize that valuations offer car dealers [...]

Fuel Dealer’s Game-Changing Strategy Secures a Thriving Future

2023-08-30T12:19:56-05:00By |Energy, Succession Blog|

In the ever-changing fuel industry, dealers seeking to evolve out of day-to-day operations while continuing to secure their financial future must go beyond hope alone. While many fuel dealers aspire to sell their businesses and cash in, others seek secure investment opportunities amid economic uncertainty. The idea of passing the torch to family members [...]


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