He was the 2nd generation of a family-owned business. He couldn’t wait for his “old man” to retire. It was his time and he was going to do things right. When it finally happened, it didn’t go so well….

After the congratulations and chest pumping honeymoon was over, real life in the President’s role set in:

– Sales were declining

– Market and competitive pressures

– Employee retention issues

– Supply chain delays

– Inflation up and economic uncertainty

The family owners wanted answers. So did the employees. As did the bankers, vendors, partners and more.

It wasn’t the fun it was supposed to be.

That’s what real life in the top role is like.

I embrace it with clients because I’ve had to be in that role myself.

You gather your best team around you, prioritize, come up with a plan, work the plan, and then adjust.

Running a company is anything but easy. It’s also one of the best feelings in the world when you’re successful and provide success for those around you.

Rich Hall Group

www.richhallgroup.com

Originally Published on https://www.richhallgroup.com/blog

Rich Hall Certified Exit Planning Advisor | Business Advisor | Baby Boomer

Rich is a Certified Exit Planning Advisor (CEPA) and business advisor with substantial experience in business coaching, advising, leadership development, business valuation, value acceleration, succession planning, and more. Rich is also a certified Baby Boomer!

​He is a member of Silver Fox Advisors, facilitates CEO Roundtables and nationwide mastermind groups. He was recognized as one of the Top 15 Coaches in Houston in 2022.

​Rich earned his undergraduate degree in Management Science from Georgia Tech, his MBA from the University of Houston, and his CEPA certification from the Exit Planning Institute.

He is the proud father of three sons, Jeremy, Mark, and Daniel, the grateful husband to his wife Jamie, and best friends with Bucky and Riley (dogs).