Fred Beans, owner of a regional automotive group, shares his extensive experience in succession planning alongside his daughter, Beth Beans Gilbert, who focuses on operational strategies. Hugh Roberts, a succession planning advisor, provides insights into the emotional barriers that dealers face. They discuss the importance of starting succession planning early, assessing family dynamics realistically, and the complexities of blended families. Valuable guidance on preserving harmony among successors and the pursuit of legacy through community stewardship and strong brand promises is also explored.
