Family Dynamics

How Sibling-Owned Multi-Unit Franchise Businesses Are Crushing the Competition!

2024-05-14T10:09:47-05:00By |Multi-Unit Franchising, Succession Blog|

For many entrepreneurs and multi-unit franchisees, the aspiration to establish a business extends beyond personal success—it's about crafting a legacy with loved ones. This dream often manifests as siblings coming together to develop a thriving franchise. Yet, transitioning from shared childhood memories to successful business collaborations presents unique challenges. How, then, can siblings overcome [...]

6 Tips For Unwrapping Conflict Resolution in Family Businesses

2023-12-14T10:13:26-06:00By |Multi-Unit Franchising, Succession Blog|

As winter's chill sets in and festive lights twinkle, the holiday season adds warmth and cheer to families worldwide. Yet, family-run multi-unit franchisee businesses also bring professional stress into personal relationships. Imagine a scene straight out of a Hallmark movie—a classic family gathering with laughter, the scent of holiday cooking, and nostalgic memories. But [...]

Navigating Conflicts in Family Multi-Unit Franchise Ventures During Family Gatherings

2024-03-15T14:23:45-05:00By |Multi-Unit Franchising, Succession Blog|

Running a family multi-unit franchise business can be incredibly rewarding but challenging, especially during family gatherings. When family members work together in a high-stress environment, conflicts can arise from differences in opinions, generational gaps, role ambiguity, or even personal issues that spill over into the workplace. However, conflicts need not be detrimental, especially during [...]

Addressing Tension in the Family-Owned Auto Dealership

2024-03-14T17:40:46-05:00By |Advisor Collaboration, Automotive, Strategic Considerations in Automotive Retail, Succession Blog, Video|

Navigating Family Dynamics in Car Dealership Succession Planning If you're a car dealer, succession planning is an important topic. In this insightful video conversation moderated by Jason Stein, George Karolis from The Presidio Group and Champ Rawls share their insights on the tensions that can arise from integrating family into the business. Despite their [...]

Navigating Tough Times: Effective Communication in Family Business

2023-04-24T11:39:52-05:00By |Agriculture, Succession Blog|

When you mix family and business, navigating through tough times can be a daunting task. Economic downturns and recessions can exacerbate pressure and lead to heightened emotions. All parties must put in extra effort to regulate their feelings and aim for constructive communication. Even in regular times, successful communication is not always easy, and [...]

Earning Respect in the Family Business

2023-03-06T10:12:02-06:00By |Automotive, Family Business Balance, Video|

A successful family business can provide opportunities to all who are associated with the owners or viewed as family. History has proven, the odds of family business success through multiple generations dwindles with every ownership transition. However; where many family businesses have failed, there have also been many family businesses [...]

Navigating Conflict: How to Avoid Communication Shipwrecks

2023-03-06T10:10:46-06:00By |Distribution & Logistics, Succession Blog|

Understanding the Prevalence of Conflict Conflict is a prevalent challenge in business ownership. In recent times, we have seen the effects of conflict both on a global and local scale, with ongoing tensions in the Middle East, political instability in different countries, and disagreements between leaders. But conflict can also exist in our personal [...]

Four Strategies for Successful Sibling Partnerships

2023-01-11T14:58:20-06:00By |Energy, Succession Blog|

What do the Olsen twins, the Williams sisters, the Warner brothers, and the Wright brothers all have in common?  They are all siblings able to succeed in creating a business together.  Fundamentally, the success of any partnership, let alone a family business partnership, is ongoing work towards maintaining harmony inside the business relationship by [...]

What is Changing In the Areas of Estate Tax?

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Leadership in Uncertain Times

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