Resources
Avoid Emotional Landmines
As Joe Chastang shares, getting your company started, running it, and being successful is a good feeling. Seeing your kids step in and do better is a better feeling. In 2015, when Joe embarked on the succession planning journey led by Jeff Faulkner and Jeff Bannon, he reviewed the action [...]
Protect & Grow Your Multi-Unit Franchisee Business Investment
Most entrepreneurs and multi-unit franchisees' long-term vision involves owning a business to build wealth, support a lifestyle and live off the cash after a one-day sale. However, successful owners know this dream can become a reality with the right business succession strategies, starting with the end in mind way before [...]
Importance Of Establishing Multigenerational Succession Standards In Auto Dealerships
As Joe shares, it isn't fair to the business's employees for an owner to be lazy and not invest in the future success and sustainability of the company. Therefore, business succession planning isn't just about protecting profits and transfer of ownership; it is also about positioning the business for continued [...]
Incentives to Attract & Retain People For Multi-Unit Franchising Growth
Labor shortages are impacting businesses of all industries. Finding the right person to fill an open seat in the organization has been a long-time struggle for business owners. Add on the impact of COVID; employers have to step up their recruiting game to retain and attract the best and the [...]
Dealership Succession Planning: Take the Business to the Next Level
Succession planning builds value. Joe shares that one of many benefits of the succession planning process was learning how to run the company better. As a car and heavy truck dealer, Joe Chastang and his leadership team are good at selling vehicles, labor, and parts. An outside perspective focused on [...]
Building a Culture People Want
People are looking for four main characteristics when selecting an employer: Inspiration, Education, Autonomy, and Feedback. In our tight labor market, culture and opportunity for growth are often the deciding factors between someone choosing your company to work versus another. Successful business strategies depend on people. In this episode, Michael [...]