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Succession Planning Step-by-Step: Part 2

In Part 2, we examine integrating estate plans, designing a contingency plan and adjusting.

By Rex A. Collins posted on April 21, 2018 | Posted in Best Practices

When is the best time to develop a succession plan? Ten years before you want to exit the business. However, it is never too late to start planning your exit from daily decisions or from the business altogether, while preserving your legacy.

Succession Planning Step-by-Step: Part 1

Ensure the future of your dealership with this sound process for choosing new leaders, funding the transition and ensuring a rewarding retirement for yourself.

By Rex A. Collins posted on January 27, 2018 | Posted in Best Practices

A sound dealership succession plan addresses a long list of issues, including retirement income, transferring wealth to the dealer’s heirs, transferring ownership, dealing with the income and estate tax consequences associated with an ownership transfer, and addressing other issues key to the ongoing success of the business; not the least of which (and often forgotten) is transitioning management.

Best Practices with Bob Clements: Management

Planning for Success Part 2: Motivating Your Employees

By Bob Clements posted on June 13, 2017 | Posted in Best Practices

Your vision clarifies your dealership’s purpose and it gives your employees a sense that they are part of something bigger.

Best Practices with Bob Clements: Management

Planning for Success Part 1: Discovering Your Vision

By Bob Clements posted on June 12, 2017 | Posted in Best Practices

There is nothing you can do that will have more impact than developing your vision, sharing it with your people and then leading them to achieve it.

Faivre Implement Sells Operations to Riesterer & Schnell

December 12, 2012 | Posted in Dealer News

Source: Neighbors magazine

Riesterer & Schnell Inc. (R&S), a John Deere dealership group with several locations, has purchased Faivre Implement's Stevens Point and Westfield John Deere dealerships, effective January 2, 2013.

KIOTI Promotes Peter Kim to Vice President and Chief Procurement Officer

June 14, 2010 | Posted in Manufacturer News

KIOTI Tractor, a division of Daedong Industrial Company Ltd, has recently announced the promotion of Peter Kim to Vice President and Chief Procurement Officer. Kim was most recently the company’s Business Procurement Manager and Administrative Manager.

KIOTI Tractor Names New VP/COO

June 7, 2010 | Posted in Manufacturer News

KIOTI Tractor, Wendell, NC, a division of Daedong Industrial Company Ltd, has recently announced the promotion of Michael Greene to Vice President and Chief Operating Officer. Greene was most recently the company's Director of Planning and Coordination and prior was Supply Chain Manager.

KIOTI Promotes Michael Boucher to CFO and Senior Dir of Finance

June 1, 2010 | Posted in Manufacturer News

Source: KIOTI Tractor

KIOTI Tractor, a division of Daedong Industrial Company Ltd, has recently announced the promotion of Michael Boucher to Senior Director of Finance and Chief Financial Officer.

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Mowhawk Mowers Enters the Zero-Turn Space

Mowhawk mowers using decades of manufacturing experience to enter the zero-turn space and grow its dealer network.

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Yanmar

Yanmar America is the North American headquarters of Yanmar Holdings. Ranked #1 in Product Quality for five years in a row by the Equipment Dealers Association, Yanmar provides innovative solutions for Rural Lifestyle and Industrial Equipment customers.

Yanmar was the world’s first manufacturer to develop a practical small diesel engine in 1933 and has continued to push the boundaries of innovation and technology ever since. As a manufacturer of diesel engines, compact tractors and utility task vehicles, construction machinery, and industrial equipment, Yanmar's products are sold in over 130 countries.

At Yanmar America, we are committed to providing our customers with the highest quality products and services, backed by a strong team of professionals who share our dedication to excellence. We look forward to the opportunity to work with you in achieving your goals.

Stihl Inc

Virginia Beach-based STIHL Inc., produces a full line of high-quality, handheld outdoor power equipment including blowers, trimmers, brushcutters, and multi-task tools, as well as the number one selling brand of chainsaws worldwide. STIHL Inc. manufactures over 260 model variations of handheld outdoor power equipment for sale in the U.S. and around the world.