By Ashley Reyes
The Hot Rod Industry Alliance (HRIA) is hosting its next online
General Membership Meeting and Panel Discussion on Tuesday, October 10, at 10:00 a.m. PDT/1:00 p.m. EDT.
Open to current and prospective members, the meeting is the best time to learn about HRIA's current events, member resources and top priorities. The meeting will then be followed by a panel discussion on financial planning. During the talk, attendees will discover the best course of action to take when key employees of their company, or even the shop owners themselves, retire or leave the business and leave a large impact on operations.
Attendees will learn what steps to take now or in the future to plan for retirement, common challenges and solutions to creating a business succession plan, different options to consider for a specific type of business and what to consider when valuing a business. The discussion will be moderated by Amy Fitzgerald of Cool Hand Customs and feature speakers Karl Schulman of Garret's Rod Shop, Chris Holstrom of Chris Holstrom Concepts, Keith Guertin of OneDigital and Frieda Rakhman of Fifth Third Bank.