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If You Can't Retire - What's your next step?


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With the COVID-19 situation, many shop owners of retirement age may be putting thier retirement plans on hold. I get this.  It makes sense in many cases. But, please think about you and your family.  Many shop owners have a 30, 40, even 50-year plus history in the auto business, with most of those years owning and running a shop.

If it's possible, perhaps succession plan with the right person, or hiring a general manager to run your shop is a possibility.  Perhaps a family member?  The key thing is to have a secure business that, if you do plan on holding on to it, will bring you an income with stress-free time away from the shop, and back to your family. 

Your plans, thoughts, opinions?

 

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