Value is a key ingredient when looking at the health and longevity of a dealership. Earnings and performance are critical to the value equation. However, during times of uncertainty, dealers must focus strategically on their operations in people, processes, and procedures. Identifying what you are doing well, where you can get better, and importantly where you can gain efficiencies are also a big part of the value equation.
Thank you to Erin Kerrigan of Kerrigan Advisors and our very own succession planners, Dan Iosue and Champ Rawls for sharing your expert insight.
As you listen to this episode, you will walk away with key take-a-ways and will realize you will want more. Click to visit the “Burning Question” topic page to easily access the additional episodes in the series.
Do you have a burning question you want to discuss with an expert? Submit your question via the Ask An Expert form!
Tune into more burning questions by subscribing to our blog on the right side of the page. You will receive updates when new episodes are live that will address:
- Adjusting to the new normal for industries that rely on customer interactions
- Messaging for business owners / leaders to share with their people in times of crisis
- Navigating the path when some family want to work in the business & others pursue other careers
- Addressing uncomfortable subjects that are more difficult during crisis as opposed to normal times
- Strategies for helping a son and daughter to learn how to work together
- Navigating business transitions when the next gen is not interested in the family business
- Proactive strategies to position the business for the “unknown”
- Communication tactics ease employee’s anxiety and worry
- Managing emotions of others and self in times of stress
- Strategies to increase sales to cover costs and create more points of revenue
With Knowledge, You Can Choose Your Best Path Forward
The Succession Planning Matrix
The Succession Planning Matrix
Many people put off succession planning because they think it means retirement, exit, and the end. However; succession planning is just the beginning. It gives the owner options in terms of what “their next” looks like, whether that be growth, philanthropy, or a new business venture. Our process focuses are addressing 10 key areas of what we call the Succession Matrix.
Click the following link for more drill-down resources on The Succession Matrix, or check out our Facebook post.
Sign up for our monthly e-newsletter to stay informed on how to overcome related succession planning issues.
We can help you with insights, other resources, and see if it makes sense to work together. At the very least, in 30 minutes, you may get some ideas you can apply to your business right away.
