Stepping Back, Not Stepping Down

Posted by Melissa Sprinkle on Sep 8, 2020 9:58:47 AM

A couple of years ago, Dave Carson decided to transition out of his leadership role at Chem Group, a specialty chemical processing company he had built from the ground up. It was time to reap the rewards of his hard work and get a bit more balance in his life. But he definitely wasn't ready to retire. Like most successful entrepreneurs, Dave couldn't imagine going from 100 miles an hour to zero and he definitely wasn't ready to relinquish control of his “baby” – the company he had lovingly grown from a small startup into a multimillion-dollar enterprise.

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Topics: Private Equity, Succession Planning

Adapting to Challenges & Creating Stronger Businesses: How 3 Companies Pivoted During a Crisis

Posted by Mandy Patterson on Aug 17, 2020 5:45:52 AM

COVID-19 has impacted the way organizations do business in many different ways. For some, it has dramatically adjusted their perceptions of how—and where—their employees do their jobs. While for others, it has forced a thorough re-evaluation of how they work with customers, suppliers and their extended supply chains. Here’s a glimpse at how three of our Partner Companies have been able to pivot successfully in the face of the challenges we’re all currently facing.

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Topics: ORG Partner Companies

Wealth Management - Second Quarter 2020 Review

Posted by Will Burnett on Aug 7, 2020 10:59:32 AM

Owner Resource Group is pleased to provide the following wealth management insights from our partners at Round Table Wealth Management

Second Quarter 2020 Review

First, we hope you and your family are happy, healthy and enjoying some return to normal life.

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Topics: Wealth Management

Growth through Partnership, even in Uncertain Times

Posted by Melissa Sprinkle on Jul 17, 2020 8:00:00 AM

In times of economic uncertainty, where there is challenge, there is also opportunity. Now is an excellent time for organizations to look for ways to grow and take advantage of opportunities that otherwise wouldn’t be available in a thriving economy. Shifts in risk profiles have opened up the competitive landscape for strategic partnerships and acquisitions, which can be a smart way to get ahead and set your company up for success coming out of this cycle.

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Topics: ORG Partner Companies, Covid19

ORG Partner Companies Supporting their Communities

Posted by Mandy Patterson on Apr 10, 2020 10:45:00 AM

US Med-Equip is a Houston-based company that rents movable medical devices like respiratory equipment, incubators and infusion equipment to hospitals and health care centers across the country and around the world. Founded in 2003, USME was a fledgling company in Texas and Louisiana when Hurricane Katrina hit just two years later. They worked tirelessly by helping hospitals meet the incredible demand for medical equipment after

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Topics: ORG Partner Companies, Crisis Management

Leadership in Crisis: 10 Tips for Weathering the Storm

Posted by Jessica Borowy on Apr 2, 2020 9:42:00 AM

We are in an unprecedented situation. Traditional crisis response tactics won’t be enough: the global shutdown is creating enormous disruptions, and we need to figure out how to get our businesses safely to the other side of the crisis. To set ourselves up to survive the ongoing storm, we need to act quickly and decisively. Here are 10 ways you can lead your organization through the crisis:

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Topics: Resources, Crisis Management

Your Business 2.0: Passing the Torch to the Next Generation

Posted by Will Burnett on Jan 8, 2020 10:15:00 AM

It's taken you years to build your business – you've been at the helm for its successes, helped it recover from setbacks, and created an incredible legacy that you're proud of. So what's next?

You may be at a point in your life when you’ve started thinking about scaling back, maybe eventually handing over the reins to a family member or trusted employee(s). But how do you ensure that transition is successful – that it doesn’t just preserve your legacy,

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Topics: Business Transition, Succession Planning

Adding a Capital Partner: a Win-Win for Owners and Management

Posted by Will Burnett on Dec 30, 2019 9:41:00 AM

As a key executive in a privately-owned business, you may find yourself feeling differently than the founder/owner about the direction the business is taking. After you’ve put a good chunk of your career into helping the company grow, running up against resistance to your vision can be frustrating.

Disagreements can be based on a host of scenarios: passive owners, multiple owners with competing priorities, resistance from family

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Topics: Business Transition

2019 Year-End Tax Planning

Posted by Will Burnett on Dec 19, 2019 9:46:00 AM

Owner Resource Group is pleased to offer valuable Year-End Tax Planning Advice from our friends at accounting firm Maxwell, Locke and Ritter. Hopefully these tips will help set you and your business up for success as we all continue to navigate changes from the Tax Cuts and Jobs Act (TCJA) of 2017.

2019 YEAR-END TAX PLANNING LETTER

Dear Clients and Friends:

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Topics: Business Tax Planning

6 Things to Think About Before a Business Transition

Posted by Jessica Borowy on Oct 10, 2019 8:00:00 AM

You’ve put a lot of sweat equity into your business, and you’re invested (both financially and emotionally) in seeing it succeed. But what happens when you want to step back a bit – or step down completely? What if the competitive landscape in your industry has changed and you must adapt? Are you up for the challenge at this point in your life? Do you want to give loyal employees the opportunity to take on these challenges – or start passing the torch on to the next generation of family members?

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Topics: Business Transition