Multi-Generational Standards in Car Dealerships

As Joe shares, it isn’t fair to the business’s employees for an owner to be lazy and not invest in the future success and sustainability of the company. Therefore, business succession planning isn’t just about protecting profits and transfer of ownership; it is also about positioning the business for continued success for the employees who depend upon the company for income.

Nepotism, enablement, and resentment are common causes of a dysfunctional culture. Clearly defining expectations amongst family, management, and key leaders eliminates conflict that can debilitate business performance and cherished relationships.

Resources

Succession Readiness Survey: A 7-minute investment in time will put you in an informed position of opportunities many business owners overlook, impacting business value, growth, lifestyle, and ultimately achieving your vision.
Contact Us: We can help you with insights and other resources and see if it makes sense to work together. At the very least, in 30 minutes, you may get some ideas you can apply to your business immediately.

For more insight from Joe Chastang of Chastang Ford, check out the next episode in the 10-part series: Take the Business to the Next Level

The Succession Planning Matrix

Many people put off succession planning because they think it means retirement, exit, and the end. However; succession planning is just the beginning. It gives the owner options in terms of what “their next” looks like, whether that be growth, philanthropy, or a new business venture. Our process focuses are addressing 10 key areas of what we call the Succession Matrix.

Click the following link for more drill-down resources on The Succession Matrix, or check out our Facebook post.

Contact Us

We can help you with insights, other resources, and see if it makes sense to work together. At the very least, in 30 minutes, you may get some ideas you can apply to your business right away.