Dealership Minds Summit 2013: Tim Young
Tim Young, General Manager, Young's Equipment (2009 Dealership of the Year). Young founded his company by taking over a bankrupt dealership in 1988. Today, it is a 7-store, 200-employee operation that recently passed $210 million in sales.
A lifelong learner who recently returned to earn his MBA, Young shares a detailed plan (including education/training, timing and execution) for grooming the third generation, his son, into the business. Privately-held, family-owned enterprises still have a place in this industry, says Young. "It gives you the flexibility to be nimble in the market and go above and beyond when taking care of the greatest asset a business has; it's people."