Succession Blog

Competing with the Big Players: Professionalizing Family-Owned Auto Dealerships

2024-01-12T11:55:55-06:00By |Automotive, Succession Blog|

The Importance of Professionalism in Family-Owned Auto Dealerships In the current corporate landscape, family-owned enterprises are facing challenges as they vie for success against bigger conglomerates and nationally recognized brands. In the automotive industry, where consolidation is prevalent, family-owned dealerships are under significant strain to keep pace with their larger counterparts and stay relevant. [...]

On the Fast Track: Automotive Valuations and Succession Strategies

2024-01-12T13:17:44-06:00By |Automotive, Succession Blog|

In the fast-paced automotive industry, strategic succession planning plays a pivotal role in the long-term success of family-owned car dealerships. The following outlines five key aspects of valuations and provides practical tips for effective automotive succession planning. 1. Maximizing Business Value Through Succession Planning Family-owned car dealerships must prioritize succession planning to enhance business [...]

From Hub to Hero: 10 Strategies for Dominant Multi-Unit Franchise Leadership

2024-01-22T08:28:39-06:00By |Multi-Unit Franchising, Succession Blog|

In the dynamic world of multi-unit franchise ownership, effective leadership is the key to seamless business operations, even in the owner's absence. This is particularly crucial for those navigating growth and succession strategies. However, the conventional "hub and spoke" management approach, often seen in entrepreneurial-owned businesses and multi-unit franchises, can present challenges to smooth [...]

Unmasking the Silent Threat: Defend Your Family Business from the Entitlement Virus!

2024-01-22T08:43:21-06:00By |Agriculture, Succession Blog|

In the intricate world of family business succession planning, a stealthy and dangerous virus could quietly sabotage your success: entitlement. This pervasive issue often lurks unnoticed, impacting your business in ways you might not even realize. Understanding Entitlement Let's demystify entitlement. It's when individuals believe they deserve special treatment, setting them [...]

Next-Gen Strategies for Family Business Success

2024-01-22T08:08:11-06:00By |Energy, Succession Blog|

Rising Stars: Crafting Your Path in Propane & Renewable Energy In the dynamic world of family-owned businesses in the Propane, Gas, Renewable Energy, and Bioheat industries, the challenges and triumphs extend beyond mere business operations. As the proud child of a successful business owner, you've likely encountered the age-old struggle of finding your identity [...]

6 Tips For Unwrapping Conflict Resolution in Family Businesses

2023-12-14T10:13:26-06:00By |Multi-Unit Franchising, Succession Blog|

As winter's chill sets in and festive lights twinkle, the holiday season adds warmth and cheer to families worldwide. Yet, family-run multi-unit franchisee businesses also bring professional stress into personal relationships. Imagine a scene straight out of a Hallmark movie—a classic family gathering with laughter, the scent of holiday cooking, and nostalgic memories. But [...]

Uncover Proven Family Business Strategies for Long-Term Success

2024-01-19T06:16:02-06:00By |Energy, Succession Blog|

Acquisitions, Culture, & Cash Flow: Effective succession planning is a must in the ever-changing landscape of the propane, oil, and energy industries, especially for companies eyeing growth through acquisitions. Often linked to exits or retirements, succession planning goes beyond departure—it's the key to unlocking sustainable growth, seamlessly integrating acquisitions, maximizing ROI, and fostering prosperity. [...]

Navigating Conflicts in Family Multi-Unit Franchise Ventures During the Holidays

2023-11-29T08:41:47-06:00By |Multi-Unit Franchising, Succession Blog|

Running a family multi-unit franchise business can be incredibly rewarding but challenging, especially during the holiday season. When family members work together in a high-stress environment, conflicts can arise from differences in opinions, generational gaps, role ambiguity, or even personal issues that spill over into the workplace. However, conflicts need not be detrimental, especially [...]

4 Tips for Family-Owned Fuel Businesses During the Holiday Season

2023-11-28T16:10:26-06:00By |Energy, Succession Blog|

Family-owned fuel dealers, wholesalers, propane marketers, and service contractors: The holiday season ushers in a unique blend of joy and introspection, particularly for businesses deeply rooted in family ties. Your enterprise isn't just a business; it's a family affair. You employ those connected by blood and those who've become integral parts of your extended [...]

Roadblocks to Green Lights: Tackling 5 Biggest Hurdles for Family-Owned Car Dealerships

2023-12-14T09:28:10-06:00By |Automotive, Succession Blog|

In the fast-paced realm of the automotive industry, turning obstacles into green lights is the key to securing the future of your family-owned dealership—it's no cakewalk, more like a thrilling rollercoaster ride filled with unexpected twists and turns. Strategic succession planning is the name of the game, and as a savvy car dealer, mastering [...]

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