In this informative video, Joe Jankowski, the Managing Member of Armatus Dealer Uplift, shares his journey into family business succession planning. Joe previously worked with a large auto group in Maryland before joining a century-old business without a clear successor. As a member of the leadership team, he took on the role of CFO and eventually became the CEO, acting as the “Succession Bridge” within the dealer group. Through this experience, Joe gained valuable insights into the importance of family dynamics and financial/technical aspects in succession planning.
Discover how Joe’s career trajectory led him to this pivotal moment, where he assumed a critical role in preserving a family business legacy. Hear firsthand how he navigated the intricate web of family dynamics and financial/technical considerations, offering a unique perspective on succession planning.
Succession Planning Key Insights:
Joe delves into the complexities of succession planning, shedding light on the critical factors that drive success in family businesses. From the nuances of family dynamics to the essential financial and technical aspects, his insights offer a wealth of knowledge for business owners, entrepreneurs, and anyone intrigued by the inner workings of family businesses.