Trusted advisors ensure business owners can meet their strategic objectives in all business areas. However, this does not mean that the trusted advisors providing advice on taxation and estate planning or those navigating the legal arena will best serve a business owner looking to grow or sell. Many Dealers lean [...]
High-performance cultures require discipline. Formalities, efficient processes, and strategies that reward teamwork and achieving goals motivate and inspire employees to go the extra mile. As Joe shares, the succession planning process helped his leadership team focus on priorities which has resulted in managing their company, employees, and family-business dynamics. Because [...]
Growing does not always mean adding to an existing portfolio. Instead, developing a successful acquisition strategy may include selling to buy more stores. For this reason, it is essential to create a Buy Box™. The Buy Box™ exercise strategically organizes your growth parameters, eliminates distractions, and allows you to zero [...]
Welcome to part two of our insightful discussion on optimizing your time management for maximum impact, a topic of particular relevance to women in leadership roles and aspiring female leaders. In this episode, we delve deeper into effective strategies for assessing and prioritizing tasks to ensure they align with your [...]
Familial communication patterns can create stress in the business environment. Assumptions, stereotypes, and emotional baggage often cloud judgment, reactions, listening, and getting to know someone as an adult versus just a sibling or child. Many believe a Will, Trusts, and business agreements are the crux of succession planning; however, as [...]
It is an exciting time for auto retail dealers. It is a great time to sell and an excellent time for buyers looking to grow strategically. Whether the goal is to sell for the highest price or transfer ownership to next-generation, performance, and profitability are essential. Understanding the value of [...]
From Joe's perspective, succession planning is the most reasonable thing he has done to help his business. As Joe says, "Like it or not, the family business is tough." It never is "just business" when the family is involved, so it is hard to separate business and family matters. However, [...]
Depending upon whether you want to sell the business, transition leadership/ownership to a family successor, or outside management - the following steps will set you up for success. The sooner you begin this process, the sooner you protect your life's work and be able to begin climbing other mountains. Decide what event(s) will trigger [...]
Many lives depend upon the business's ongoing success, employees, families, and community. Succession planning is an investment that returns incredible dividends. Whether you are looking to transition ownership or sell for the highest multiple, succession planning ensures you have the right amount of capital, the right people to lead, and [...]
Welcome back to "Your Tribe," a platform dedicated to empowering women in leadership and female leaders on their personal and professional development journey. In this episode, we deeply explore the many roles and responsibilities that women in leadership often juggle, both in their personal relationships and at work. We also [...]
