The document discusses succession planning for a NAPA auto parts store owner. It recommends starting succession planning early, developing a strategy that may involve transferring the business to a family member, key employee, or outside buyer. The owner should prepare the business for transition by keeping it profitable and maintaining strong financial records to demonstrate growth over time. Various equity plans are described that can help develop a key employee as a potential successor or new owner through restricted stock, stock appreciation rights, or phantom equity agreements.

1. FPO Solutions Creating a Succession Plan

13. Nothing Fails Like Success Natural Law

15. The Challenge of Success Sigmond Curve – Life Cycle of a Business Time Success Success X Time = Increased Odds of Stagnation, Complacency and Failure

17. You cannot stay on top forever. First, it was my dream to become number one, and now that I am on the top, staying there would be far more difficult and challenging than to get to the top slot. Vijay Singh Natural Law

18. The Second Cycle

23. Where Do Reputation Categories Begin?

24. Where Do Reputation Categories Begin?

29. Asset Management - KPI 1.5 1.3 1.2 Trend Gross Margin Return on Inventory Investment How to measure: Gross profit dollars divided by Inventory line value dollars.

33. Preparing for Transition Time for a Check-Up? Four Critical Areas to Measure the Financial Health of Your NAPA Auto Parts Store Cash Management Inventory Store Operations Building Wealth Comparison to NCOS FREE from FPO Solutions

36. If Your Dream is This….

37. Make Sure You Don’t End Up With This!

40. Start Working 0n Inventory Now

51. Succession Planning – Key Employee

66. Succession Planning – It Takes Everyone

67. Thanks for your time! Greg Foss Senior Consultant FPO Solutions 1-866-622-7011 Ext. 2908 1-254-732-5970