Business planning is not limited to coming up with strategies for that point in time. To continue creating multi-generational wealth, a succession plan for your auto shop is integral to achieving long-term goals. It also serves as a career track for children interested in growing the family legacy.
HighLift Financial initiates communication by conducting family meetings to develop these roadmaps.This is where the individuals express their version of success and the paths they want to take.
When designing tailored business succession plans for auto repair shops, Matt follows a detailed five-step process to analyze the business and family needs. The growth projected on paper is the exact result when the strategies are applied in real-life.
Matt DiFrancesco has spent three decades working closely with family businesses of all kinds. If you are an auto shop owner and aim to pass down your work of passion and struggle to your children, then schedule a free consultation session with Matt, the family business advisor and consultant.
You can do so by calling us at 814-201-5855 or by filling out our contact form.
Your Go-To for Succession Planning Services
By working with High Lift Financial, you’ll never have to worry about how your business will do after you leave. Our custom automotive shop succession plan services ensure the younger generation continues to benefit from it for years to come.
We’ll help identify the most qualified future leaders for your business and manage debts to make the transfer of leadership smoother. Work with us, and your business will be left in the right hands.
Frequently Asked Questions
When Is the Right Time to Start Succession Planning?
If you plan to retire or start another business in the next five years, you should start planning immediately. When it’s a family business, the transition takes a little time. However, all of the plan factors depend on the size and complexity of the business. Contact us today to lay down a clear roadmap!
Who Is the Ideal Candidate Who Can Take Your Place?
Your successor will be in charge of the growth of your business. It can be any member of your family or one of the key employees you believe can run it with the passion you have. Our business succession planning for auto shops will help you identify them.
What Kind of Support Is Required?
Succession planning is not limited to handing over your office to another capable individual. You will require help from a professional who can provide you with the knowledge before the process and what comes after it.
Financial planning needs to be in place before every other process. We’ll make sure it’s implemented as part of your auto shop succession plan.
Is It Necessary to Have a Family Meeting?
Absolutely! A sound succession plan can only be produced if your financial advisor clearly understands your family members’ vision. Contact us to schedule a meeting today!
Our Services
Business succession planning isn’t the only way we help clients take control of their finances and future. At High Lift Financial, we offer a variety of services that help you stay financially secure and grow your business