Family Governance

Competing with the Big Players: Professionalizing Family-Owned Auto Dealerships

2024-01-12T11:55:55-06:00By |Automotive, Succession Blog|

The Importance of Professionalism in Family-Owned Auto Dealerships In the current corporate landscape, family-owned enterprises are facing challenges as they vie for success against bigger conglomerates and nationally recognized brands. In the automotive industry, where consolidation is prevalent, family-owned dealerships are under significant strain to keep pace with their larger counterparts and stay relevant. [...]

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 [...]

Uncover Proven Family Business Strategies for Long-Term Success

2024-03-15T14:12:45-05:00By |Energy, Succession Blog|

Acquisitions, Culture, & Cash Flow: Effective succession planning is a must in the ever-changing landscape of the propane, oil, and energy industries, especially for companies eyeing growth through acquisitions. Often linked to exits or retirements, succession planning goes beyond departure—it's the key to unlocking sustainable growth, seamlessly integrating acquisitions, maximizing ROI, and fostering prosperity. [...]

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 [...]

4 Tips for Family-Owned Fuel Businesses During the Holiday Season

2023-11-28T16:10:26-06:00By |Energy, Succession Blog|

Family-owned fuel dealers, wholesalers, propane marketers, and service contractors: The holiday season ushers in a unique blend of joy and introspection, particularly for businesses deeply rooted in family ties. Your enterprise isn't just a business; it's a family affair. You employ those connected by blood and those who've become integral parts of your extended [...]

Blending Family Ties with Business Goals: The Road to Harmonious Succession

2024-03-15T17:20:39-05:00By |Manufacturing, Succession Blog|

Many family business owners aspire to have their children become an integral part of their enterprise. However, merging familial ties with business operations often presents a complex dynamic that can be difficult to balance. The Two Faces of Family Business At first glance, the concept of a 'family business' [...]

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 [...]

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 [...]

4 Family Business Tips for the Holidays

2022-12-02T13:22:57-06:00By |Distribution & Logistics, Succession Blog|

The holidays can bring about a mixture of happy and sad emotions. Privately-owned businesses are unique in that your business is a family business. You may employ those related to you by blood and employ loyal people you have grown to care about beyond just dollars and cents. In a family business environment, mismatched expectations [...]

What is Changing In the Areas of Estate Tax?

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Planning Opportunities To Take Advantage of Now

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Leadership in Uncertain Times

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