Successor Preparation

Paving the Way for a Smooth Succession in Family Businesses

2023-02-14T11:13:06-06:00By |Construction, Succession Blog|

In family business environments, it is common for business owners to feel overwhelmed by the question of who will become “king” or “queen” when there are multiple capable family members working in the business; especially when not all candidates are suitable for the leadership role. Competition among family members can be either positive or [...]

Strategies to Build Value in Your Oil, Heating & Propane Business

2021-10-29T16:38:59-05:00By |Energy, Succession Blog|

The heating oil and propane gas industry is experiencing times that they have never seen. The pandemic creates an “essential” industry where workers are on the frontlines. Consolidation takes place at a record pace and finding and keeping talent is one of the most difficult areas of management from an operational perspective. A lack [...]

Oil and Energy Online: Diversification for the Next Generation

2021-11-18T12:42:01-06:00By |Energy, Succession Blog|

Oil and Energy Online recently featured Kendall Rawls in “Diversification for the Next Generation” alongside Steve Abbate with Cetane Associates and Aimee (LaBrake) Allen with Degree Days Consulting. Like many other industries, retail heating oil and propane gas marketers are experiencing rapid change.  Consolidation, political, and environmental pressures, as well as “what employees want” [...]

What if Family Doesn’t Want, or Have the Ability to Fill Your Shoes as Leader?

2021-04-23T15:20:27-05:00By |Succession Blog, Video|

Some sort of transition strategy, or a succession plan, is critical for every family business. What will the future look like, will it stay in the family, do we want to sell are 3 critical questions to consider. Listen in and learn from Jean Venant, a succession planner with The [...]

Preparing The Family Business For Its Next Move

2021-04-15T08:52:29-05:00By |Multi-Unit Franchising, Succession Blog|

Succession planning is vital for every family business owner. For many, the family business is a legacy vessel, and in other cases, the family business only lasts one generation and will need to be successfully sold when you exit. Regardless of which camp you are in, succession planning is critical. Who will take the [...]

It’s Tough Being Your Kid!

2021-01-18T09:57:21-06:00By |Succession Blog|

How do you mentor a child who is interested in joining your business, give them the greatest possibilities for succeeding, without making them feel and believe they need to be just like you? First, embrace that your child is different from you. So, if they feel they have to be like you to succeed, [...]

It Will Take At Least Five Years to Properly Groom Your Successor

2020-08-26T12:57:05-05:00By |Succession Blog|

We hear all the "reasons" why multi-unit franchisees do not want to start planning for their "what's next,” which often leaves owner’s way behind the eight ball as it relates to business growth and value.  Your multi-unit operation is more valuable and profitable over time. For your business to survive, it is critical to [...]

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What is Changing In the Areas of Estate Tax?

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Planning Opportunities To Take Advantage of Now

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Leadership in Uncertain Times

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