A family business is such an excellent opportunity.  However, many 2nd and 3rd generation business owners screw it up.  And as Tracy shared, she and her husband did not want to be the generation to screw it up.  With the third generation entering the business, Tracy and her husband felt like the sandwich generation.  Tracy’s father still plays a role in the business; Tracy and her husband fill key leadership roles as President and GM, and Tracy’s son was ready to come on board.  As a family, Tracy wanted to sit around the Thanksgiving table with those she loved and continue to build a successful business.

The succession planning process provided Century Automotive Group with a roadmap for effectively integrating the next-generation family into the business while building trust and rapport with key leaders.  The family business is not a birthright; it is a beautiful family asset, which requires protecting the family unit and the business to ensure both are nurtured effectively.  Hear Tracy Jones share key strategies that have created the roadmap for ongoing family and business success.

How We Help You

Are you struggling with family business succession planning? Building a successful multi-generational business can be challenging, especially when navigating the complexities of integrating the next generation while preserving family harmony and business success. If you face concerns similar to those of Tracy Jones and her family, let us help you navigate this critical process.

Contact us, and we can provide you with insights and resources to develop a comprehensive succession plan tailored to your family business’s unique needs. Our expertise in family business succession planning can help you build trust and rapport with key leaders while ensuring your family’s and your business’s long-term success. Schedule a consultation today, and in just 30 minutes, gain valuable ideas and strategies to apply immediately to your business.

Automotive Succession Resources

For more insight from Tracy Jones, President of Century Automotive Group, check out the episodes:

Leverage our 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.

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.family-business-succession-planning

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 provide insights and other resources and assess whether it makes sense to work together. In just 30 minutes, you may gain actionable ideas that you can immediately apply to your business. Contact us via phone or email below, or fill out the “Ask An Expert” form.