Tag Archives: succession

Just less than half of marine industry companies have a succession plan or exit strategy for their business. That’s according to the latest survey of Boating Industry print and digital subscribers, conducted by email in March and April. Respondents were a mix of boat dealers, manufacturers, marina owners and others working in the industry. While only 46 percent of readers ...

Just less than half of marine industry companies have a succession plan or exit strategy for their business. That’s according to the latest survey of Boating Industry print and digital subscribers, conducted by email in March and April. Respondents were a mix of boat dealers, manufacturers, marina owners and others working in the industry. The full results of the survey ...

Family businesses require extensive succession planning In our March issue, Boating Industry profiled how to plan your exit strategy and the different pathways for transition. Below is a preview of this article, highlighting how to begin the process of generational succession planning. For more details on transition, see our March issue. Family businesses have many struggles, but none so intricate ...

Top 100 dealer Oak Hill Marina offers insight on transition Selling a marine dealership is never easy. It can be a volatile business that doesn’t appeal to most investors and that only gets more difficult when there isn’t a next generation in the family to hand it down to. Top 100 dealer Oak Hill Marina recently completed its ownership transition, ...

My husband and I finally buckled down and had a legal will drawn up last January. That’s not something I’m proud of. I’m well into my thirties, I’ve been married for almost 10 years, and I have a four-year-old son. You could argue that waiting so long was downright irresponsible. Unfortunately, I’m like a lot of people. You say “will,” ...