Welcome to Part Two of our illuminating series, "What People Want From Their Leaders," with a special focus on Women in Leadership. In this episode, we venture deep into the essential behaviors that individuals in positions of authority must embody. We explore the core qualities that people seek and desire [...]
Formalities commonly do not exist or are lacking in family business environments. For example, we often see no clear direction about what each person is supposed to do, how to get it done, or what they are getting paid for, which opens the door for underperformance and distracting conflict. Consolidation [...]
Some Dealers are interested in privately testing the "sale" waters to determine what is in their best interest but do not want it disclosed. The best way to navigate the waters is to talk to trusted advisors. They know you, know your business, and they have earned your trust, so [...]
Joe emphasizes the importance of proactive automotive succession planning. Neglecting the future sustainability of the business not only harms profits but also jeopardizes the livelihoods of dedicated employees. Succession planning isn't solely about transferring ownership—it's about securing ongoing success for those who rely on the business for their livelihoods. Nepotism, [...]
Growing, transitioning, or selling a business for top dollar requires planning and a team of experts. For example, many owners think they can decide one day to sell the business, put it on the market the next day, and save money by facilitating the sale themselves. Regrettably, those dealers leave [...]
Even though Dealers are making money, the future is unclear; for some, the unknown creates anxiety. As a result, we see business owners considering, more than ever, if it is an excellent time to cash out. Succession planning allows you to choose your best outcome – identifying your strategic objectives [...]
Transforming Companies through Enhanced Leadership and Strategic Management 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, [...]
Fifty/Fifty partnerships are common in the propane, oil, and gas business, and they work until they don't. One wants to cash out via exit or sale, but the other wants to keep working, and a variety of other differences of opinion on critical business issues. As a result, Fifty/Fifty partnerships [...]
The definition of discipline is “an exercise that develops or improves a skill or habit.” It is the missing ingredient in building the personal and organizational “muscle(s)” that leads to exceptional performance. Most of us who recognize the value in building those muscles are sometimes reluctant to make the effort, either because we don’t want [...]
In this thought-provoking video, we delve into the crucial role of ownership in leadership, whether you're a team member or a team leader. We explore the profound impact of how you choose to show up and influence those around you through owning your attitude, a fundamental aspect of women in [...]
