It is Possible to Be Equitable

2022-04-08T13:58:58-05:00By |Multi-Unit Franchising, Success Stories, Succession Blog, Succession Palooza - Celebrating Succession, Video|

Thirty-five years ago, Roland Spongberg started a restaurant company with one El Pollo Loco in Long Beach, CA. Today, WKS Restaurant Company employs 12,000 employees across 375 restaurants in 19 states operating Denny’s, El Pollo Loco, Krispy Kreme, and Wendy’s. From a pure family perspective, with six children, Roland initially [...]

Strategies Evolve as the Business & Family Evolves

2022-04-08T14:00:25-05:00By |Multi-Unit Franchising, Success Stories, Succession Blog, Succession Palooza - Celebrating Succession, Video|

Roland Spongberg became interested in succession planning after a car dealer friend shared difficulties he was experiencing with his siblings. With no desire to cash out, and a father of six kids, with some working in the business and some not, Roland began thinking about the future and opportunities he [...]

You Can Get What You Want

2022-02-10T14:54:40-06:00By |Automotive, Success Stories, Succession Blog, Succession Palooza - Celebrating Succession, Video|

Developing strategies for growth are essential to succession, especially in Century Automotive Group’s case, where four kids are interested in the business within the third generation.  As Tracy shares in our discussion, the succession process created a forum to determine: Strategic Plan for the next five years Organizational structure and [...]

Roadmap to Family and Business Success

2022-02-10T14:52:47-06:00By |Automotive, Success Stories, Succession Blog, Succession Palooza - Celebrating Succession, Video|

A family business is such a wonderful opportunity.  However, many 2nd, and 3rd generation business owners screw it up.  And as Tracy shared, she and her husband did not want to be the generation to screw it up.  With the third generation entering the business, Tracy and her husband felt [...]

Thriving for Three Generations

2022-02-10T14:56:21-06:00By |Automotive, Success Stories, Succession Blog, Succession Palooza - Celebrating Succession, Video|

Century Automotive Group is thriving across three generations. Love and commitment to nurturing family relationships have been vital ingredients for their success. From Tracy’s integration into the business as the second generation, and now the third generation actively working in the business; they live by there is no business gain [...]

Succession Podcast: Where Are All of the Leaders

2021-10-27T11:31:15-05:00By |Multi-Unit Franchising, Succession Blog, Succession Podcast|

Jeff Bannon a Partner of The Rawls Group and Aicha Bascaro, President of American Franchise Academy discuss leadership – keys for developing people, attracting top talent, and creating opportunities within your franchise organization for growth. Many franchisees dream of going from owning one unit to becoming multi-unit business owners and building [...]

How Do I Manage Negative Emotions of Others When I am Supposed to Encourage and Lead?

2021-09-21T15:22:37-05:00By |Advisor Collaboration, Burning Questions, Energy, Video|

The most important thing to recognize when dealing with any negative emotions, whether it is your own or those of your team, is that we are all human. We all deal with the unknown in different ways, but for certain we all carry anxiety and stress. It is important as [...]

What Will Your Estate Planning Produce – Gratefulness or Resentment?

2021-07-02T10:19:56-05:00By |Automotive, Succession Blog|

As of July 2021, the lifetime exemption is $11.7M per person and $23.4M per married couple. However, we expect a significant reduction in the lifetime exemption due to President Biden's tax proposals, if not this year, then no later than December 31, 2025. As a result, common questions we are hearing are: How will [...]

How Can I Protect Our Multiples & Value During Difficult Times?

2021-05-10T10:05:13-05:00By |Advisor Collaboration, Burning Questions, Multi-Unit Franchising, Video|

Protecting the value of your business is what succession planning is all about. When going through, as well as, once on the other side of difficult times, take another look at your business with a fresh set of eyes.  Consider looking at your business from a buyer's perspective.  It is [...]

Family Business: Harboring Gratitude versus Resentment

2021-06-08T09:07:17-05:00By |Succession Blog, Succession Matrix-10 Point Perspective, Video|

Listen in to Hugh’s insight into how to create meaningful strategies to ensure you are harboring gratefulness versus unintended resentment amongst family. A grateful heart is significant when we feel we’ve gone above and beyond to provide something for our children/grandchildren. Knowing our children are thankful usually inspires us to [...]

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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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