Century Automotive Group has thrived for three generations. Love and commitment to nurturing family relationships have been vital to their success. From Tracy’s integration into the business as the second generation and now the third generation actively working in the business, they live by the idea that there is no business gain worth a family loss.

Century Automotive Group’s history is unique and, at the same time, similar to that of many entrepreneurial-owned businesses. Passion for an industry, and as Tracy would often hear her father say, a lot of luck, talent, and the right place at the right time, a successful business is born. A love for the car business inspired Tracy to dream about becoming a Dealer at a very young age.

It was a different time and place for women back then, so instead of going directly into the car business after college, Tracy got her CPA and worked for Price Waterhouse Cooper in Houston. Then, about five years later, Tracy’s father asked if she was interested in moving back to Huntsville, AL, because the business needed a controller, and he was considering retiring. Tracy was ecstatic about the opportunity and felt confident in her experience as it gave her credibility. With her finance background, she had a much-needed skill to provide.

Listen in to hear Tracy Jones share the history of Century Automotive Group, what inspired her to join the family business, and how succession planning has supported their vision for building strong family relationships and a business growing in value and community impact.

How We Help You

Are you struggling with family business succession planning? At Rawls Succession Planners, we understand multi-generational businesses’ unique challenges and opportunities. Like Tracy’s journey into the family business, we recognize the importance of nurturing family relationships while ensuring the continued success and growth of the business.

Contact us today, and let us help you navigate the complexities of succession planning. Our team can provide valuable insights, resources, and expertise to support your vision for building a strong family legacy and a thriving business. Whether you’re just starting to explore succession planning or seeking to optimize your existing strategy, we’re here to assist you every step of the way. Reach out to us, and let’s work together to ensure the long-term success of your family business.

Automotive Succession Planning 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 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.