We know a popular definition of succession planning leans towards planning for exit or retirement. However, succession planning is really about setting your business and family up for future success, which is worth celebrating. What better way to celebrate succession planning than to talk about your personal financial goals – [...]
Our environment is constantly changing, which requires strong leadership with a strategic mindset. As a business owner, you have a choice. A choice to either Become overwhelmed with supply chain issues, consolidation, and inflation, and allow change and circumstances to control you or, Take the “bull by the horns” and do what it takes [...]
Succession is dependent upon SUCCESS, so it is just as much about today as it is about tomorrow. Growth, scaling your business, talent and culture are all essential dynamics addressed through succession strategies. And, there is nothing more valuable to the business than talent. Leadership bench strength is pivotal to [...]
Dealers are seeing record profits in spite of a global pandemic and limited inventories. This has many dealers wondering if they should be building the portfolio by buying more stores or taking advantage of the market and selling to get top dollar, and others are wondering what will happen if they just stay in [...]
Whatever your vision is for your business, it is dependent on your business abilities to succeed through transitions – which is fundamentally the definition of succession planning. COVID 19, Supply Chain Issues, Talent Shortages, Consolidation, and Acquisitions are all examples of Transitions. So essentially, any change to our norm; represents [...]
Succession planning is about creating strategies to take control of the future based on your goals and vision. And if part of your vision involves growth through acquisition, you are in the right place. In this episode with Dan Gavin with Bernstein Private Wealth Management, Michael Rosendahl with PCE Investment [...]
It’s been nearly two years of navigating uncertainties brought on by COVID-19. Wouldn’t it be nice to change the narrative and focus on “THE KNOWN” and what we can control? The first KNOWN is our current tax laws, and that they will be changing. In the recent series: “What’s Up with President Biden’s Tax [...]
A plan is simply a snapshot in time. It considers all assumptions made at the time of developing it has played out exactly as prophesized. But, our worlds are action-packed and dynamic, which leads to the saying by Robert Burns “The best-laid plans of mice and men often go awry. [...]
We Often Hear “I Have A Plan." At 24 I Had a Plan, probably like many of you in your 20’s. If you are 24 and reading this you may not get the “joke” but if you are at least a year older than 24, say 26, you get it. [...]
Feelings, perspectives, attitudes, and goals change at a drop of a dime. What were your priorities and strategies 18-20 months ago before the Covid chaos started. Could you have envisioned where you and your business would be today? Perhaps there are things you recognize you were not prepared for or something you would want [...]
