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<div id="pastingspan1"><span style="">Regardless of your industry, it's essential to have a plan in place for what happens when it becomes time to turn your business over to a new owner. Succession planning is crucial to ensure employees have a smooth transition, that your customers continue to trust the brand to get their vehicles serviced and that your family members are provided for. </span></div><div id="pastingspan1"><span style=""><br /></span></div><div id="pastingspan1"><span style="">Chip Fenner at <a href="http://christianbrothersfranchise.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=national-oil-lube-news-the-importance-of-business-succession-planning-5743" target="_blank" rel="nofollow" target="_blank">Christian Brothers Automotive</a> offered advice for business owners with one foot out of the door who are in the process of bringing a new owner on board.</span></div><div id="pastingspan1"><span style=""><br /></span></div><div id="pastingspan1"><span style="">&#8220;Business owners are required to pivot and adjust quickly to changing environments,&#8221; Fenner noted. &#8220;Being prepared is necessary to keeping your business operating smoothly all the time. Ask the outgoing owner about potential problems. Get to know other businessmen in that type of business, connected to that type of business such as vendors, and outside that business.&#8221;</span></div><div id="pastingspan1"><span style=""><br /></span></div><div id="pastingspan1"><span style="">To read the original article, <a href="http://www.noln.net/article/august-2016/preparing-next-generation-understanding-importance-succession-planning?page=4&utm_source=1851franchise.com&utm_medium=article&utm_campaign=national-oil-lube-news-the-importance-of-business-succession-planning-5743" target="_blank" rel="nofollow" target="_blank">click here</a>.</span></div>

1851 Franchise

Christian Brothers Automotive franchisee Chip Fenner explains what business owners can do to make a transfer as smooth and seamless as possible.

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