After 50 years of owning and operating the Fred Beans Automotive Group, Fred Beans recently talked about the importance of succession planning on an episode of Daily Dealer Live.
He was joined by daughter, Beth Beans Gilbert, who is vice president of the automotive group, and consultant Hugh Roberts, partner at The Rawls Group.
Together, they give a broad overview of Beans' succession planning and emphasize why succession planning matters for the long-term success of a business - especially when family is involved.