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The Secret to Building a Successful Family Business


According to statistics, the success rate for family-owned businesses isn’t good. In fact, transitioning from first generation to second generation owners, your automotive business has around a 30% rate of continuing successfully. From the second to the third generation, it…

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How to Make Sure Your Automotive Business Sells


Few things are more disappointing than a business deal that falls through. After hours and hours spent talking and deliberating with potential buyers, you’re left empty-handed. The main reasons business deals don’t work out are rooted in miscommunication and misunderstandings.…

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Building Your Exit Planning Advisor Team


How long has your automotive business been open for business? Ten years? A week? No matter how long you’ve been around, having an exit plan is necessary. If you don’t have one in place already, the best way to start…

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Why Exit Planning is Important Now


Whether or not you’re intending to sell your automotive business in the near future, it’s important to have an exit plan in place. Having an exit plan gives your business a cushion should anything unanticipated arise and gives you active…

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