It can take a lifetime to build a successful business. But figures show more than three quarters of founders literally throw their life's achievement away by failing to plan adequately for succession.
Handing over power to a new generation is a tricky process in any corporate environment. Large organisations devote significant resource to finding and grooming new board members. The same cannot be said for family businesses, where the handover can be frustrated by anything from the lack of an obvious successor within the family, the inability to choose between family members, to the founders' own feelings of immortality.
We have a range of services tailored to dealerships to address the critical issues of succession planning. Our experience in this area ensures we address a range of non-financial issues that are equally important in the success of any plan.