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.

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.