Auto dealership owners face unique challenges when building wealth and planning for the future. With a rapidly changing industry, it's crucial to have a solid plan for succession and financial stability. From identifying talented individuals within the organization to expanding investment portfolios, there are an array of strategies dealers can [...]
Mastering Objectives and Strategy for a Thriving Future Approximately 20% of new businesses fail during the first two years of being open, according to data from the Bureau of Labor Statistics. Additionally, 45% fail during the first five years, and 65% fail during the first 10 years. However, only 25% of new businesses survive [...]
In the ever-changing fuel industry, dealers seeking to evolve out of day-to-day operations while continuing to secure their financial future must go beyond hope alone. While many fuel dealers aspire to sell their businesses and cash in, others seek secure investment opportunities amid economic uncertainty. The idea of passing the torch to family members [...]
Strategic Decision-Making in Auto Dealership Growth: Charting the Path to Success In a thought-provoking discussion focused on Succession Planning and Strategic Considerations in Automotive Retail with Jason Stein from Flat Six Media, George Karolis of The Presidio Group, and Champ Rawls, a Succession Planner with The Rawls Group, they shed [...]
Franchisees encounter various obstacles and unknowns as they embark on their journey as business owners. They must navigate through ever-changing market conditions, meet the expectations of employees and customers, and effectively manage their relationships with franchisors. To overcome these challenges, franchisees must adopt a strategic mindset, thinking several steps ahead like skilled chess players. [...]
Multi-unit franchising is a popular business model that allows entrepreneurs to start a business with an established brand, products, and services. While franchising can offer many benefits, such as lower startup costs and support from the franchisor, success is not guaranteed. In fact, according to the International Franchise Association, about [...]
Business owners in the heating, fuel, and energy industry are much like chefs in a busy kitchen, constantly juggling multiple demands requiring their attention, including political and industry changes, day-to-day operations, customer perceptions, and employee and leadership dynamics. As such, owners can often wonder which end is up, what is the best direction forward, [...]
In a dynamic conversation focused on Succession Planning and Strategic Considerations in Automotive Retail and moderated by Jason Stein of Flat Six Media, industry expert George Karolis from The Presidio Group and Champ Rawls a succession planner with The Rawls Group, sparks a discussion about the evolving landscape of the [...]
The Importance of Collaboration and Strategic Planning The energy industry presents a multitude of challenges for fuel dealers, wholesalers, and service contractors. These challenges range from seasonal fluctuations, inflation, and political factors to their customers’ reliance on their business. These external forces can make it challenging for dealers to maintain a steady revenue stream. [...]
In a recent conversation focused on Succession Planning and Strategic Considerations in Automotive Retail, with Jason Stein from Flat Six Media, George Karolis of The Presidio Group and, Champ Rawls, a Succession Planner with The Rawls Group, Rawls shed light on the essential metrics and considerations that auto dealers must [...]
