A family business is such a wonderful 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 a roadmap for effectively integrating the next-generation family in the business while building trust and rapport with key leaders. 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.
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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