Orlando Succession Planning

Four Strategies for Successful Sibling Partnerships

2022-11-14T15:34:45-06:00By |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 [...]

10 Considerations Every Succession Plan Must Consider

2022-10-31T16:12:01-05:00By |Succession Blog, Succession Matrix-10 Point Perspective, Succession Misconceptions, Video|

Whether gifted, bought, or developed from the ground up,  business owners put their passion to work to establish a lifestyle and opportunities for their families. Far from the entrepreneur's mind is succession planning because many believe it to be the end; when, in actuality, it provides options to create your vision. Succession planning is [...]

Transfer Daily Management & Remain in Control

2022-10-11T11:16:57-05:00By |Family Business Balance, Multi-Unit Franchising, Video|

Successful family businesses have the power to provide for many lifestyles. Owner(s) and their families, key leaders and their families, employees, and the community it serves. Many owners have the vision to transfer out of daily operations and want the business to remain under family ownership. There are many strategies [...]

Is a Temporary Successor Right For You?

2022-10-11T11:11:57-05:00By |Distribution & Logistics, Family Business Balance, Video|

The value of the business is directly related to the reliability of future profits. Potential buyers, banks, investors, top talent, and strategic relationships all care about the sustainability of business performance. A temporary, or as we call it, a "Contingent Successor," provides a business owner and their family a strategy [...]

Balancing Seasonal and Political Uncertainties in the Energy Business

2022-08-31T16:35:01-05:00By |Advisor Collaboration, Create Control Over Your Energy Business, Energy, Succession Blog, Video|

Seasonality, inflation, politics, people, and technology are a few headwinds impacting fuel dealers, wholesalers, and service contractors in the energy space.  We are often asked, "How can we create predictable revenues in an industry influenced by so many outside "threats?" In this episode, Doug Woosnam, a Consultant with Cetane Associates, [...]

Next Gen: Empire Builders Vs. Caretakers

2022-08-23T16:03:57-05:00By |Advisor Collaboration, Automotive, Future Proof Your Dealership, Succession Blog, Video|

Successfully integrating family into the business, whether as an employee, manager, or one-day successor, requires having a plan. Next-Gen business owners may need to invest their entire net-worth back into the business to compete with the larger consolidators. This means being less a caretaker of the business as generations past, [...]

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 [...]

Generate What You Want and Need from the Business

2022-08-26T11:46:26-05:00By |Advisor Collaboration, Create Control Over Your Energy Business, Energy, Succession Blog, Video|

Hope is at the center of many dealers' business strategies. Hope that if they sell the business, the sale will return the cash they need to retire and support their dream lifestyle.  However, many dealers have to show up with checks to pay debt and find a job to help facilitate [...]

Maintaining Control Of Your Business While Delegating

2022-08-23T16:04:33-05:00By |Advisor Collaboration, Automotive, Future Proof Your Dealership, Succession Blog, Video|

Operating a store is hard work, but it is rewarding. A common question we hear is what are the options to keep the dealership(s) as a family asset if no family is interested or capable of filling the shoes as Dealer/Operator. The good news is that the world is your [...]

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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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