After years in the auto industry, one of the most frequent questions I get from dealers is “should I consider transferring my business to one of my children?”
I attended the NADA convention this last week, and was reminded of how relevant this question is. The topic of multi-generational businesses arose again and again throughout the weekend.
So when I came across this article, I immediately thought of you.
I have helped walk many dealers through this decision to make their business multi-generational (as I am also the product of a multi-generational business). But, as common as the process is, there aren’t many resources for people thinking about handing down their dealership. That's why I liked this article. It gives some practical keys to making your legacy a great one as you look at passing your business on to family.
I hope this comes as some help to you!
Click on link below to read the article:
https://www.autonews.com/nada-show/trust-next-generation-key-family-business
