Succession planning has a reputation for being a battlefield, but it doesn’t have to be. These families share their recipes for a successful succession.
For farm equipment dealer-principals, succession planning is more than merely passing a torch — it’s a complex logistical relay. For those resolving to keep their business in the family, the process and the pitfalls can be even more complicated. After spending years cultivating a successful business, dealers want only the most capable hands to carry it on.