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The Secret to Building a Successful Family Business

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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

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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

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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

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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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