Entrepreneurs are inherently drawn to franchising. Diversity of brands, the backing of known names in the marketplace like Wendy’s, Subway, and ACE, and support systems provided by the Franchisors. However, if you want to grow from a nice job of owning 1 or 2 units to building a business and owning 100+ it takes [...]
In this bizarre 2022 environment, profits and multiples are high, having many thinking it is an excellent time to cut the stress, sell and get a big payday. As such, you may be part of the dealer community wanting to stop ruminating about the dark side of future electrification, manufacturer pressure, distorted big group [...]
The past 18-24 months will go down in the history books of auto retailing. For most dealers, business has been terrific, in some of the most upside-down times ever seen. Before thinking you have to either Get Big or Sell Out, invest time into getting informed. Lean on your advisors to evaluate your current [...]
Succession planning has never been more important for dealers. Profits are high, demand for stores is high, and the cost to compete is getting higher. Having the proper plan in place ensures you are able to navigate times like these Automotive News recently featured David Ciambella, in “Buy-Sell Q&A: Dealership Succession Planning" alongside Alan [...]
The heating oil and propane gas industry is experiencing times that they have never seen. The pandemic creates an “essential” industry where workers are on the frontlines. Consolidation takes place at a record pace and finding and keeping talent is one of the most difficult areas of management from an operational perspective. A lack [...]
Oil and Energy Online recently featured Kendall Rawls in “Diversification for the Next Generation” alongside Steve Abbate with Cetane Associates and Aimee (LaBrake) Allen with Degree Days Consulting. Like many other industries, retail heating oil and propane gas marketers are experiencing rapid change. Consolidation, political, and environmental pressures, as well as “what employees want” [...]
Franchising.com recently featured Kendall Rawls in "Tomorrow's Legacy Today: The Importance of Succession Planning” Helen Bond, the author, shared succession planning insights from multi-unit franchisees across the country spanning a variety of brands including: Paul M. Booth Jr., President of Cincinnati-based Concentric Brands, a McDonalds Franchisee: Terry Kurth, a Weed Man franchisee, Nick Marco, [...]
Business Growth is one of the core foundations for succession planning. Although it is assumed succession planning is only about exiting or retiring from the business, it is in reality planning that provides solutions to overcome the possible, probable, and potential issues that impact your vision. We celebrate succession planning [...]
Expressed wants and needs of employees, family, strategic partners, and customers can feel like a constant push and pull environment as a business owner. Add in external influences such as the pandemic, the political climate, supply chain, and finding workers; our environment is constantly changing, which requires strong leadership with a strategic mindset. Strong [...]
Succession planning has gotten misconstrued with estate and exit planning amongst business owners, resulting in the process being delayed or avoided until it is too late. Successful owners know succession planning is much more than estate and exit, it is also about building strategies for today's success so you can [...]
