Succession Planning for Marine Retailers2021-03-29T11:43:59-05:00

Cruising Towards Your Vision

Endorsed by the Marine Retailers Association of the Americas, we work with boat dealers building value and sustainability in dealerships nationwide. We are experts in the complex and understand the unique challenges facing boat dealers.  The future success of the business is tied directly to the volatility and/or strength of the macro environment. Work with us to help you navigate unchartered waters and set the course for success, no matter what storm might hit.

Whether you are looking to grow your business, transition to family or sell to a third party, our meticulous attention to the probable, possible, potential details allow you to prepare and avoid any looming marine retails succession planning issues impacting your goals.

What happens when you decide to take the next step towards the future you imagine…now? Business ownership by nature is risky; succession planning however creates strategies and structure to put you in control.

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Resources

50/50 Is Not Always Nifty: Partnerships that Don’t Work

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In Marvin Storm's Business Exit Strategies Podcast Episode titled: "50/50 Is Not Always Nifty – Partnerships That Don’t Work, Champ and Loyd Rawls share 4 different stories illustrating the potential, possible and probable issues impacting the ongoing success of the business.  Highlights include: The CONTROL Rod: A family operation with three [...]

How Do I Motivate My Children, Nephews, In-laws, etc. to Come Into My Business?

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Your behavior and attitude towards the business act as role model behavior for your family. Therefore, speaking and showing positive feelings regarding the business is the best way to motivate the family to join. Express how much you enjoy it, the exciting and wonderful career opportunities and prospects for growth. [...]

Family Business: Harboring Gratitude versus Resentment

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Listen in to Hugh’s insight into how to create meaningful strategies to ensure you are harboring gratefulness versus unintended resentment amongst family. A grateful heart is significant when we feel we’ve gone above and beyond to provide something for our children/grandchildren. Knowing our children are thankful usually inspires us to [...]

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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 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.

What is Changing In the Areas of Estate Tax?

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Planning Opportunities To Take Advantage of Now

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Leadership in Uncertain Times

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