Aug 14, 2019
Chad welcomes Spencer Tenney,
managing partner with the Tenney Group, which helps transportation
industry business owners to buy, sell and value their
Chad and Spencer discuss how
trucking companies can navigate the often treacherous transition
process when the founder of a trucking company retires or sells the
business to a successor.
With so many transportation
companies being family-owned business, and with many founders
nearing retirement age, Spencer talks about how to prepare
companies to thrive when they’re turned over to the next
What you’ll learn about in this
- Why so many trucking company
owners who are nearing their exits don’t have a plan for their
- How Spencer gets involved in
situations where a transportation business is changing
- How expectations and
assumptions about the future of a business can create
miscommunication and strife
- How generational differences
can create a disconnect over questions of work/life balance,
purpose and impact derived from owning the family
- What factors are key to driving
a transportation company’s value.
- The relationship between a
company’s value and the owner’s direct involvement.
- Why owners should focus on
important areas where they can add the most value.
- Three ways transportation
business owners can create independence for themselves and reduce
their companies’ dependence on their input.
- How to prepare the next
generation of leaders for long-term success
How to connect with Spencer