Succession planning is essential for dealers looking to build generational wealth. Not only does succession strategies ensure the long-term success of their business, but it also provides the unique opportunity to positively impact countless lives, from employees to vendors and customers. By investing in succession planning, dealers can set their businesses up for future prosperity and shape countless people’s lives for years to come.
Minority auto dealers face unique challenges when building wealth and planning for the future. With a rapidly changing industry, it's crucial to have a solid growth and succession strategy to ensure financial sustainability. From identifying talented individuals within the organization to expanding investment portfolios, there is an array of strategies [...]