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Five Tips for Achieving a Smooth Succession

Practice Self Control: If you are a dominating personality, recognize that you need to back off and give your kid some space.

  • Practice Self Control: If you are a dominating personality, recognize that you need to back off and give your kid some space.
  • Avoid Parent-Kid Comparisons: You did things your way, but don't be bothered or vocal if your kids want to do things differently, as long as they are competent enough to run the dealership.
  • Accept Them for Who They Are: It is one thing to mold them when they are young, but when they are full-fledged adults, you can't expect them to change significantly.
  • Be Sensitive: Parents who are will find their children open to parental involvement and advice.
  • Avoid “Seagull Management”: That's when a parent flies in from a retirement spot, makes a mess of things at the dealership and then leaves.
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