Los Angeles Succession Planning

How to Adjust Business Strategies to Prepare for Recession

2022-11-14T15:43:22-06:00By |Multi-Unit Franchising, Succession Blog|

As succession planners, we are frequently asked by multi-unit franchisees how to prepare for change and transition. On top of the mind of many multi-unit franchisees is an impending recession and talent shortages which requires adjustments to their growth strategies. Preparing your business for future change depends on whether you are in a mental, [...]

Strategies for Multi-Unit Franchisees to Succeed Despite Economic Uncertainties

2022-10-11T10:49:04-05:00By |Advisor Collaboration, Multi-Unit Franchisee Business Strategies, Multi-Unit Franchising, Succession Blog, Video|

Even though Wall Street predicts 2022 and 2023 will have 10% growth in earnings and isn't currently anticipating any slowdown, many multi-unit franchisees have expressed concern over economic uncertainties. Talks of inflation, change in tax law, ongoing supply chain issues, and labor shortages have multi-unit franchisees wondering how or if [...]

Didn’t Want to Screw It Up

2022-08-28T20:17:24-05:00By |Automotive, Succession Blog, Succession Success Stories, Video|

Successfully integrating family into business leadership while balancing family dynamics is full of complexities. As Joe Chastang shares, many private and family business owners screw it up. Thanksgiving and Christmas come around every year, and the business provides for 100+ employees.Mis-matched expectations, communication differences, and management styles can create challenging moments [...]

Determining Your Best Multi-Unit Franchising Strategy

2022-09-22T13:25:29-05:00By |Advisor Collaboration, Multi-Unit Franchisee Business Strategies, Multi-Unit Franchising, Succession Blog, Video|

We are in some interesting economic times, making it difficult to predict the future. As a result, many multi-unit franchisees wonder if it is time to hit the gas or break. We have talked to multi-unit franchisee owners who have the cash and are interested in investing in the future. [...]

Protect & Grow Your Multi-Unit Franchisee Business Investment

2022-09-22T13:21:05-05:00By |Advisor Collaboration, Multi-Unit Franchisee Business Strategies, Multi-Unit Franchising, Succession Blog, Video|

Most entrepreneurs and multi-unit franchisees' long-term vision involves owning a business to build wealth, support a lifestyle and live off the cash after a one-day sale. However, successful owners know this dream can become a reality with the right business succession strategies, starting with the end in mind way before [...]

Importance Of Establishing Multigenerational Succession Standards In Auto Dealerships

2022-09-22T06:01:24-05:00By |Automotive, Succession Blog, Succession Success Stories, Video|

As Joe shares, it isn't fair to the business's employees for an owner to be lazy and not invest in the future success and sustainability of the company. Therefore, business succession planning isn't just about protecting profits and transfer of ownership; it is also about positioning the business for continued [...]

Incentives to Attract & Retain People For Multi-Unit Franchising Growth

2022-09-22T13:13:29-05:00By |Advisor Collaboration, Multi-Unit Franchisee Business Strategies, Multi-Unit Franchising, Succession Blog, Video|

Labor shortages are impacting businesses of all industries. Finding the right person to fill an open seat in the organization has been a long-time struggle for business owners. Add on the impact of COVID; employers have to step up their recruiting game to retain and attract the best and the [...]

Dealership Succession Planning: Take the Business to the Next Level

2022-09-21T14:34:55-05:00By |Automotive, Succession Blog, Succession Success Stories, Video|

Succession planning builds value. Joe shares that one of many benefits of the succession planning process was learning how to run the company better. As a car and heavy truck dealer, Joe Chastang and his leadership team are good at selling vehicles, labor, and parts. An outside perspective focused on [...]

Building a Culture People Want

2022-09-22T13:14:42-05:00By |Advisor Collaboration, Multi-Unit Franchisee Business Strategies, Multi-Unit Franchising, Succession Blog, Video|

People are looking for four main characteristics when selecting an employer: Inspiration, Education, Autonomy, and Feedback. In our tight labor market, culture and opportunity for growth are often the deciding factors between someone choosing your company to work versus another. Successful business strategies depend on people. In this episode, Michael [...]

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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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