Succession Blog

It Will Take At Least Five Years to Properly Groom Your Successor

2020-08-26T12:57:05-05:00By |Succession Blog|

We hear all the "reasons" why multi-unit franchisees do not want to start planning for their "what's next,” which often leaves owner’s way behind the eight ball as it relates to business growth and value.  Your multi-unit operation is more valuable and profitable over time. For your business to survive, it is critical to [...]

Creating More Harmony And Unity In The Family Business

2020-08-26T10:18:27-05:00By |Succession Blog|

In Creating More Harmony And Unity In The Family Business,  Kendall Rawls discusses the influences impacting relationships and the delicate balance between family and business.  Relationships take work when “times are good,” and 2020 has been anything but smooth sailing, which is testing individual emotional tenacity creating stress.  Mutually agreed upon Family Business Governance [...]

As Seen in Multi-Unit Franchisee Report – Plan Now for the Other Side of the Pandemic

2020-06-17T10:19:36-05:00By |Succession Blog|

As we begin to see the first signs of the economy opening from the global pandemic meltdown of the last few months, it makes sense to look at your business through a different lens. Now is the time to plan for the other side. If you wish to come out of this pandemic with [...]

As Seen in Digital Dealer – How Do You Diagnose and Mend a Broken Culture?

2020-07-16T21:21:18-05:00By |Succession Blog|

Every organization has a culture. It’s the collective personality of the people who represent you daily. In short, every culture has some appeal, some cracks, and some rough edges. So, how do you patch the cracks and smooth the rough edges? You ask a few simple questions, you unfilter the responses, and you take actions that [...]

As Seen in Digital Dealer – Feeling Family Pressure? How to Overcome Mismatched Expectations

2020-06-12T12:29:11-05:00By |Succession Blog|

In working with families to help understand perceived issues, one of the first steps I take is to determine if they are on the same page. Do they value and want the same things for the family and the business? If not, there is a disconnect and more of a challenge in matching expectations. [...]

As Seen in Multi-Unit Franchisee Report – Conflict Is Inevitable, Here’s How To Navigate It

2020-06-02T09:03:17-05:00By |Succession Blog|

Conflict is a given in life. No two people agree on every angle of every subject. In emotionally bonded relationships like family and or business partnerships, differences of opinion carry more weight and often leads to conflict. There are some underlying reasons for these responses to our differences, which is probably subject matter for [...]

I Don’t Want To Retire

2020-10-27T15:50:04-05:00By |Succession Blog|

I’ve heard this a thousand times from business owner clients over almost 40 years I’ve been a business succession planner. I understand - I don’t want to retire and I’m five years older than the age my father retired. For most business owners, you love what you do and you probably feel like Bobby [...]

As Seen in Multi-Unit Franchisee Report – Effective Communication In The Family Business During A Crisis Like Covid-19

2020-05-19T09:48:51-05:00By |Succession Blog|

Combining family and business is challenging and can be frustrating when things are going well, but when a crisis like Covid-19 hits...pressure builds and emotions can blow sky high. You can't run a business like a family, and you can't run a family like a business. During difficult times family members need each others' [...]

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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