RCSI - Family Business
Why You Should Start Making Succession Plans Early
RCS Influencer Trent Cotney says that family businesses should make their succession plans ahead of time in case a crisis occurs. Editor's note: The following is a transcript of a conversation between Megan Ellsworth, our multimedia manager, and Trent Cotney, partner of Adams and Reese. You can listen to the interview ...
Building Succession Plans in Roofing: Navigating Generational Change While Keeping Bonds Intact
RCS Influencer John Kenney says that by creating succession plans, roofing contractors can ensure the generational transition is seamless. In the roofing industry, many businesses are family owned, spanning multiple generations. As such, generational changeovers are not merely about business continuity but are also deeply personal. The challenge lies in ensuring ...
Turning a Business Into an Employee-owned Company
RCS Influencer Rae Fistonich outlines her company's transition into becoming an employee-owned company. I'm not sure how other companies are doing it but here at Chinook Building Envelope Services, six years ago our CEO, who doesn't have any children, started working on his succession plan by turning our company into an ...
Using EOS to Create a Succession Plan
RCS Influencer Steve Little says that by adopting the Entrepreneurial Operating System (EOS), his business had found more structure for things like succession planning. KPost Roofing & Waterproofing started ten years ago planning for succession working with Kevin Kennedy and Jow Bazzano of Beacon Exit Planning. Six years ago we adopted ...
A Family Business’s Perspective on Working With Relatives
RCS Influencers from SA Roofing, a family business, each give their own piece of advice on best practices when working with family. We wanted to start with a quick background of our personal experience to give some context of our recommendations for a healthy family business. Chris and Kendall ...
Looking at Family Business From Both Sides
RCS Influencer Mandy McIntyre says getting an outside perspective is vital to the health of the company. Editor’s note: The following consists of a conversation between RCS Multimedia Manager Megan Ellsworth, and Mandy McIntyre. You can listen to the podcast or read the transcript below. Megan Ellsworth: Hello, everyone. My ...
Have a Plan in Place Before Working With Family
RCS Influencer Trent Cotney says that having a complete succession plan makes working with family easier. My advice would be to make sure you have a succession plan in place. Often, generational businesses fail to have sufficient corporate documents and maintenance to discuss the transition. I would take the time ...
Boundaries are the Key to Running a Family Business
RCS Influencer Marty Stout says keeping the business part of a family business a business and a family part a family is crucial to the success of a company. Much has been written about “Family Business” the ups and the downs. Most every business starts as a family business ...
A Family Business is About Winning the War, Not the Battle
RCS Influencer Anna Anderson says that the best part of a family business is that you have your family with you along the way. Editor’s note: The following consists of a conversation between RCS Multimedia Manager Megan Ellsworth, and Art Unlimited CEO Anna Anderson. You can listen to the podcast ...
How to Get an ROI From Family Members in the Company
RCS Influencer Danny Kerr says finding clarity in roles within the company can help family businesses gain efficiency. Megan Ellsworth: Hello, everyone. My name is Megan Ellsworth here at rooferscoffeeshop.com, and we're going to be talking about family business today as our influencer response with Danny Kerr from Breakthrough Academy. ...
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