Succession Blog

The Vaccine for Fear

2020-05-06T08:17:21-05:00By |COVID 19: The Path Forward, Succession Blog|

It’s day 41 working from home due to the Coronavirus lock down. During that time businesses on survival mode, applying for PPP money, people laid off, applying for unemployment, portfolios taking a beating. The result – fear, anxiety, and stress! Especially for those of us in the higher risk categories, it appears we won’t [...]

As Seen in Digital Dealer – Estate Taxes – Still a Problem for Succession

2020-05-04T09:18:48-05:00By |Succession Blog|

With the lifetime exemption per person currently in 2020 at $11.8M, a married couple can pass a $23.6M estate tax-free to their heirs. For most Americans, estate taxes are therefore no longer a problem, but that is not true of car dealers, with the value of dealerships having escalated considerably. Unless you have a [...]

Under Pressure – Strategies to Navigate Emotional Eruptions in the Family Business

2020-05-04T13:21:09-05:00By |COVID 19: The Path Forward, Succession Blog|

Family and business are challenging and can be frustrating when things are going well and “normal,” but when a crisis hits…pressure builds, and emotions can blow sky high. On the daily, it takes work from all parties involved to manage emotions. With the current pandemic we have greater uncertainty and anxiety about our physical [...]

As Seen in Digital Dealer – Strategic Planning for a Sustainable Future

2020-04-28T10:50:56-05:00By |Succession Blog|

With all the challenges associated with operating a dealership today, surviving and thriving into the future has never been more complicated. Simply, where and how does the dealership of yesterday move to what it can and needs to become to succeed tomorrow? To answer this, you first must look at your foundation: “Who are you?” [...]

Riding the Wave – Strategies for Multi Unit Franchisees to Survive and Thrive Post COVID-19

2020-05-04T19:24:29-05:00By |COVID 19: The Path Forward, Succession Blog|

The measures to stop the spread of COVID-19 have created swift change to our business environment.  Some business' have had to close while some are scrambling to implement new strategies to deliver products/services to generate revenue.  It may feel like you have been dealt a pile of lemons, however; their are ways to make [...]

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