Kendall Rawls
Skeletons That Will Destroy a Business & to Stop Them
Uncover family dynamics that can sabotage succession planning and learn strategies to guide clients through effective business transitions. Family Business Succession Planning: Hidden Family Issues When you think of Halloween, ghosts and skeletons might come to mind, but for family businesses, the real terrors are often lurking much closer to home. Hidden family issues can…
5 Ways to Build Trust as an Advisor
What really fuels a successful business partnership? Partnerships are crucial for success and they allow professionals to tap into diverse expertise and uncover new growth opportunities. But amidst all the complexities, there’s one thing you can’t compromise on: trust. The Foundation of Success: Trust Trust serves as the bedrock upon which successful partnerships are built,…
The Multi-Hat Dilemma: How Advisors Can Lighten the Load for Business Owners
As a trusted advisor to family businesses, you understand the daily challenges business owners face. These challenges often include the relentless juggling of multiple roles within their companies. Business owners, especially those of family-run enterprises, often wear various hats, from CEO to CFO, COO, and more. While this multi-hat approach may be born out of…
Building Wealth Beyond Business: Strategies for Business Advisors
Unraveling the secrets to success within family businesses requires a special breed of advisors – those with a distinct set of skills and specialized training, such as with the Certified Succession Planner™ designation. As family enterprises thrive, they become fertile grounds not just for wealth management but also for an array of remarkable opportunities. Now, let’s delve…
The Value of Process Procedures in Family Business: An Advisor’s Insights
Succession planning in family businesses is a complex and critical endeavor. It’s not just about passing the torch from one generation to the next; it involves meticulous preparation, clear communication, and structured processes. In this article, we’ll delve into the world of family business succession, with a particular focus on the importance of process procedures.…
Strategic Growth in Wealth Advisory: The Financial Harvest Success Story
In financial services and specifically wealth advisory, success is often measured by the growth of assets under management and the ability to navigate challenging market conditions. For David and Katie Witter, founders of Financial Harvest, this journey has been nothing short of remarkable. Looking back to 2009, David vividly remembers the financial industry’s market challenges. During…
When Work Experience Can Work Against You as a Business Advisor
The Danger of Relying Too Heavily on Experience As a business advisor, experience is often considered a valuable asset. After all, years of working in the field, encountering various challenges, and finding solutions can provide a wealth of knowledge. However, there is a danger that comes with relying too heavily on experience alone – the…
What is a Business Succession Planner?
The Difference Between Succession Planner, Exit Planner, and Family Business Advisor The terms succession planner, exit planner, and family business advisor are frequently used interchangeably, but they encompass distinct roles within the context of business transitions. While exit planners and family business advisors address certain aspects of succession planning, the role of a succession planner encompasses…
The Importance of Business Performance in Succession Planning: Key Insights for Business Advisors
In the dynamic realm of business advisory, succession planning represents a critical phase that can either solidify or jeopardize your client’s financial well-being and the outcome of their hard work and time. As a seasoned business advisor, you understand that guiding your clients successfully through this intricate process is complex and requires a comprehensive approach.…
Speak the Language of Business Owners and Watch Collaboration Flourish
As a business advisor, if you can’t speak the language of your clients and truly understand their needs and goals, it will be difficult to establish a collaborative relationship with them. This is especially true when it comes to working with business owners. The ability to communicate effectively and relate to them on a human…
From Success to Succession: How Business Advisors Bridge the Gap
Succession planning stands as a critical juncture in the life cycle of any organization, where the torch is passed from one generation to the next. In this delicate transition, business owners rely on the expertise and guidance of astute business advisors who understand that a key to successful succession lies in the realm of exceptional…
Navigating the Complexity of Succession Planning: Lessons from a Case Study
Succession planning is a multifaceted endeavor that requires careful consideration of various factors to ensure a seamless transition of business ownership. In a recent video, succession planner Jeff Faulkner highlights the pitfalls that can arise when advisors fail to proactively address structural complexities in succession planning. By sharing an illustrative example, Faulkner underscores the need…
