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Discuss 57 Year old business handed to a 24 year old to run HELP! in the General Mangers & Dealer Principals forum at Car Dealer Forums; Iím looking for some guidance, My grandfather has run a very successful in terms of ...
  1. #1
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    Default 57 Year old business handed to a 24 year old to run HELP!

    Iím looking for some guidance, My grandfather has run a very successful in terms of sales dealership for 57 years, however the financial part hasnít been as successful, he has left a lot of ďloose endsĒ He passed away a couple weeks ago and my grandmother has asked me to take over and run the company, Iím 24, been in the business since I was a kid, but have always had the ďfamily coverĒ. Iím looking to run this successfully both sales and financially, Iím looking for some information on setting up a ďback officeĒ and looking for some accounting ideas/procedures, any information to help me get the company on track and back in the game so to speak. The dealership is in a small town in Maine, with 3 other used dealerships with in 10 miles, we average 30-50 sales a month with just him as the sales person. Any forms, current procedures/operations would be very helpful! Thank you for your time in advance!


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  2. #2
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    First off, sorry to hear about your grandfather. My condolences.

    Doing what you're doing right now (reaching out) is a tremendous first step. Kudos! You mention you've been in the business since you were a kid, can you think of contacts you've made throughout the years that could give you a helping hand? Having some mentorship from people who have done it before would be great for you. There are great ebooks online that could help you get a start on things.

    I tried posting a URL of some ebooks I found for you online but couldn't post it on the forum for some reason. If you go on flexdealer.com, under resources, there are a few marketing ebooks available to you.

  3. #3
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    Original post from 1 year ago. Please remove.
    Last edited by tyler@lawmotors; 06-20-2013 at 04:36 AM.

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