The business landscape has undergone dramatic changes over the last 24 months. From keeping employees safe, building trust with customers, operating more efficiently, and simply being grateful to be open. These shifts and constant changes are causing owners to think, is this the right time to get out? In addition, many industries are experiencing [...]
Successful business owners know succession planning is about building strategies for today to create choice and take advantage of opportunities as they arise. Owners & leaders who have invested in succession planning already have options, know what they want, and are already implementing their growth strategies. Growth is an example of transition because you [...]
Buy-Sell activity across a diversity of industries is high, providing opportunities to owners who want to grow. Why is this so exciting for succession planners? Well, business growth is one of the core foundations for succession. Success is the heart of succession, and growth is generally needed to succeed through multiple generations. If a [...]
Succession planning is about creating strategies to take control of the future based on your goals and vision. And if part of your vision involves growth through acquisition, you are in the right place. In this episode with Dan Gavin with Bernstein Private Wealth Management, Michael Rosendahl with PCE Investment [...]
There are a variety of elements to help protect your business from the unknown. The first and probably most important lies in your people. Ensuring you have the right key leaders and managers who can step in and up in times of crisis is critical. It is important to know [...]
What you need to know about Biden's proposed policy changes, their impact on succession planning, and how to get back to business. The election is now behind us. We have a new president and a new party in control, which likely means policy changes. COVID-19 is still present, impacting our lives in [...]
An event like COVID-19 forces organizations to change, from day-to-day operations to how we interact with our people, customers and community. Strategic planning provides an impactful process to integrate COVID 19 learnings into the business. If there is a Strategic Plan on The Shelf, which we refer to as SPOTS, [...]
There is an old adage, “Never let a good crisis go to waste,” and COVID-19 is providing a lot of opportunity for us to learn and protect ourselves from a future crisis. Back in 2008-09 businesses learned the importance of having cash on hand, minimizing costs, cross training talent and [...]
The unfortunate reality of a crisis, like COVID-19, is not every business survives. It is sad, but it is part of the correction that takes place when markets might be saturated, or where there might be underperforming units. Owners can work towards protecting themselves in the future by leveraging what [...]
Technology is one of the biggest areas of change for dealers coming out of COVID-19. Digital and online technology has enabled dealers to provide an enhanced and unique customer experience while keeping employees and customers safe. Customers are able to browse and buy vehicles, navigate the F&I process, schedule pick-up and [...]
