Part 1: The Impacts of Family Dynamics on the Transition of Leadership in a Multi-Generational Dealership
Family issues can impact business decisions, such as in the case of a multi-generational dealership whereby an older owner struggles to relinquish control in the wake of his/her child’s desire and readiness to exercise more control.
In this video segment, The Rawls Group’s founder, Loyd Rawls, teams up with DHG Dealerships Partner, Leslie Fry, to address how such family dynamics impact a given dealership’s performance.
Check out Part 2 and hear what Loyd and Leslie have to say about a few strategies to help expose barriers and enable a smooth leadership transition from dealer to child.Click Here
Family and Business alignment is hard to find when business issues liven up family dynamics.
However; with proper process, governance policies and mutual respect built over time, a Family Business can thrive through multiple generations. Click the following links for more drill down resources on Family Dynamics and Family Governance.
Contact us and 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.