One way or another, every dealership’s owner will exit their business someday. Whether it’s a planned or abrupt departure, there will be a legacy left by that owner.
While there are multiple ways to create a legacy, it’s critical that business owners proactively plan their exit strategy, rather than wait for the inevitable, says Arlin Sorensen, CEO and founder of HTS Ag, an independent precision farming company based in Harlan, Iowa.
Owners need to take the initiative in driving that business value, but they also need to be accountable to someone and know who that person is.
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