Episode 72 – Finding Life After Business with Larry Dragan
A smart and effective transition plan for a family business is critical for its future and should be taken seriously. That is why getting the necessary help from professionals is important for anyone who is thinking about transitioning their family business to the next generation. Because a well-thought-out transition plan is not just about preserving […]
Episode 71 – How a Financial Assessment Process Works Part 7: Questions to Ask When You’re Looking For a Financial Advisor
We’re now down to the last 2 parts of this series, where I talked about my financial assessment process as a guest on the Virtual U.S. Financial Advisors podcast. In this episode, I shared my insights on what financial advisors do and how to determine the right advisor for your specific needs. In this episode, […]
5 Ways to Keep Your Best Collision Repair Technicians
A cohesive team of employees is essential for any successful collision repair shop. From understanding the importance of hiring experienced technicians and investing in staff training to involving your staff in decision-making and recognizing their hard work, there are many ways to create an environment where your employees can thrive. An engaged and enthusiastic […]
Episode 70 – Developing Strong Leaders with Bruce Schronce
People are the power engines of business success and growth. That’s why managing “people problems” should be seen as a necessary part of developing a successful business. What makes a strong leader is someone who understands the dynamics among people, can motivate and enable team members, define roles, look at external factors that may affect […]
Episode 69 – How a Financial Assessment Process Works Part 6: How to Continue Your Business Without a Family to Take Over
Several months ago, I was a guest on the Virtual U.S. Financial Advisors podcast, where I shared details of my financial assessment process. We have divided this episode into 8 parts which we shared with you over the past few weeks. In the 6th installment of this eight-part series, I shared my insights on what […]
Episode 68 – How to Level-Up Your Exit Planning Game with John Brown of BEI (Business Enterprise Institute, Inc.)
When it comes to family businesses, continuity is key. And no one knows this better than the business owner who is looking to transition out of their business. I’ve been working with family businesses for the last 17 years. And since then, I’ve developed relationships with business owners who became my personal clients. As I […]
Episode 67 – How a Financial Assessment Process Works Part 5: Family Considerations and Family Succession
We’re now halfway through this eight-part series where I was a guest on the Virtual U.S. Financial Advisors podcast. For Part 5, I discussed the value of having the family involved in planning for the future of the business and why family meetings are vital. I talked about: (03:42) The first step in planning for […]
Episode 66 – How to Prepare Your Family Business for the Fourth Quarter with Nicholas Niemann
When it comes to family businesses, continuity is key. And no one knows this better than the business owner who is looking to transition out of their business. Whether it’s due to retirement, health concerns, or simply a desire to move on to something new, exiting a business can be complex and emotionally draining. Fortunately, […]
Episode 65 – How a Financial Assessment Process Works Part 4: Why Developing Culture Within Your Business Matters
As we continue on the fourth of this eight-part series where I was a guest on the Virtual U.S. Financial Advisors podcast, I shared why culture is vital and how it contributes to increasing the value of any business. Also, I discussed succession development and employee retention, which are essential parts of exit planning for […]
Episode 64 – Which Business Structure is Right For You – S Corp or C Corp? with Stuart Sorkin
Choosing the right business structure can be overwhelming for most business owners. That’s mainly because not everyone has a background in accounting or tax law. And it’s no surprise that there is often some confusion about what S Corp and C Corp mean, their benefits and disadvantages, and what factors should be considered in choosing […]