Successor Preparation

Video: Leadership in Times of Crisis – The OODA Cycle

2020-04-16T09:45:56-05:00By |Dr. Merlot, Leading Your Business Through Transition, Succession Blog|

In, "Leadership in Times of Crisis - the OODA Cylce," Loyd Rawls (Dr. Merlot) explains how and why you are a good leader; why you don’t need to worry; why you can project to those that are depending upon you: “We got this!! This is our time to shine!”  He also explains how you [...]

As Seen in Multi-Unit Franchisee Report – Franchise Business Partnerships – Evil King or Hand-Cuffed President?

2020-04-02T12:44:14-05:00By |Succession Blog|

The Evil King vs. the Hand-Cuffed President - who do you want to be? Our experience has demonstrated that the best way to position yourself and your successor is somewhere in the middle. Certainly, no one wants to run a business without the autonomy to make critical operational decisions. Creating a lasting business structure [...]

Value: Episode 3 – How Do You Increase Business Value?

2020-03-09T10:37:52-05:00By |Podcast Episodes|

Champ Rawls a partner of The Rawls Group and Gina Miller who is a partner with Bennett Thrasher in their Dispute, Valuation and Forensics department. discuss VALUE. Depending upon one’s perspective, value can take on many different meanings. Banks, IRS, Wall street, valuation specialists, business owners, vendors, strategic relationships (franchisor/manufacturer) all view value [...]

Case Study – Unified Vision for Business Growth

2020-01-03T14:57:42-06:00By |Case Histories|

Industry: Manufacturing: large-scale screen printing for tourist industry attractions. Company Overview: Dad and Mom founded the company over forty years ago out of a single store-front tee shirt printing business in rural Central Florida.  As a first-generation business, the family persevered through many boom and bust cycles within their industry.  Dad and Mom are [...]

As Seen in Automotive News – We’re built for this – How a California dealership group keeps business in the family

2019-11-18T14:56:07-06:00By |Video|

“We are built for this” highlights the story of how two people with vastly different personalities and business beliefs found common ground to grow and successfully transition the business from gen 1 to gen 2. Hugh Roberts, Jeff Bannon, Howard and Susan Drake discuss different strategies implemented key to their success and what they [...]

As Seen in Digital Dealer – Evolution Revolution: A Word to Successors

2019-12-23T10:47:25-06:00By |Succession Blog|

It’s easy for Nextgen leaders to get involved and make swift changes. The path to change can appear so clear, but many potholes are lurking in the shadows.  Loyd Rawls and Dr. Merlot (Loyd’s alter ego) share a real life story about a Next Gen leader dealing with the balance of evolution versus revolution in [...]

As Seen in Multi-Unit Franchisee Report – Succession Planning Is More Than Your Estate And Exit Plans

2019-12-23T12:16:30-06:00By |Succession Blog|

When starting out, business owners are not looking at the end game. Much less is there thought of engaging in succession planning. After all, isn't succession planning for when the end in near? That is where most business owners make their mistake, thinking succession is only about exit strategy, estate planning and retirement.  And [...]

Defining Succession

2019-11-15T12:29:01-06:00By |Succession Blog|

Please forgive us for being academic, but in order to fully understand business succession, we are going to define a few terms. First, an often confused first cousin, business continuity or exit planning: As the term describes, business continuity is the continued existence of a business, as in the business continues.  An exit planning [...]

5 Succession Misconceptions & How They Impact Business Value – #5 A Succession Plan Isn’t Needed if I plan to Sell

2019-11-15T12:25:46-06:00By |Succession Blog, Succession Misconceptions|

Misconception #5 - A Succession Plan Isn't Needed If I Plan to Sell A common misconception is the thought that plans to sell your business negate the need for succession planning. Unfortunately, this thought process couldn't be more wrong, and has a direct impact on the amount of cash you’ll have in your pocket [...]