Succession Planning: You Can Get What You Want

Developing strategies for growth are essential to succession, especially in Century Automotive Group’s case, where four kids are interested in the business within the third generation. As Tracy shares in our discussion, the succession process created a forum to determine:

• Strategic Plan for the next five years
• Organizational structure and how to effectively scale
• Expertise and management styles to best fill open roles
• Purpose, mission, and vision
• Strategies to take advantage of changes in the car business

Succession planning is an investment, but as Tracy shares, they are better because they have developed succession strategies. It is money well spent, and they have made money by investing in developing and implementing strategies for the future. In Tracy’s words, “You can’t afford not to” especially if you bring children on board or have an older parent or dealer who wants to stay engaged in the business. With succession planning, you can all get what you want.

About The Rawls Group: Business Succession Planners

Business ownership by nature is risky; succession planning however creates strategies and structure to put you in control. In an ever world of change – business value, growth and sustainability all depend upon the freedom of choice when the opportunity arises. The right amount of capital, right people to lead, and the best business strategies to take action. Flexibility is a luxury. We are ready to go on this journey with you. Give us a call and in 30 minutes we will help you find clarity on your next steps. 407.578.4455.

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