Many lives depend upon the business’s ongoing success, employees, families, and community. Succession planning is an investment that returns incredible dividends.
Whether you are looking to transition ownership or sell for the highest multiple, succession planning ensures you have the right amount of capital, the right people to lead, and the best business strategies to take action. As Joe shares, “You do it once; if you screw it up, you are screwing up your family, business, and employees’ livelihood; it isn’t fair to them.”
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, and 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: Integrating Family Is Tricky
Growth Strategies for the Family-Owned Dealership
If you’re ready to get serious about succession and planning to ensure your business’s future success, then we can’t wait to see you at the 2023 NADA Show in Dallas.
The Succession Planning Matrix
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.
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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.
