Join My Community

Stay up-to-date with podcast episodes, special offers, and announcements. 

Personal Development

Everyday Life

Business Management

All Topics


How Ready Are You For Your Business’ Succession with Eric Goodnoe

February 7, 2023

How Ready Are You For Your Business' Succession with Eric Goodnoe

When we think of retirement, we usually focus on what kind of life we want to have or where we want to take our business before that happens, yet we rarely think of who’ll be in charge after we are gone. Having a succession plan and working backwards from it is an excellent way of figuring out our and our business direction, streamlining our path and setting a definite date for our goals. 

In today’s episode, I’m joined by Eric Goodnoe, President of M&D Auto & Body Repair in Hasslet, Michigan. After his father retired, M&D Founder and former President Eric realized dealing with the succession plan was an excellent opportunity to set a clear direction for himself and the company and redefine personal and professional milestones. 

We talk about Eric’s experiences during the succession, the transition from being the second in command to President, who he trusted to take his place and why, and how it changed his views on the automotive industry and business management. We also discuss Eric’s retirement plan; he shares advice on business succession for shop owners, why he decided it was a good time to expand his business, and more. 

In this episode, you will learn:

  • A bit about Eric’s succession and business expansion plan (3:49)
  • How it was for Eric to transition from 2nd in command to lead the business (11:12)
  • The benefits of implementing open-doors policies (15:21)
  • Eric’s 15 years retirement plan (17:50)
  • What does succession look like in your business? (22:38)


Jimmy Lea | Product Evangelist at KUKUI

These are what you will get from listening to Kim Hickey on Maximum Octane. Kim is not shy nor will she hide behind the safe questions. She will always dig deep asking great questions to get to the core of the issue/topic.

Insight, Information, and Engagement 

Barney Fein

Take it to the Max with Kim, her peddle to the metal energy and insight will spark your business success!

Go to the front of the pack

Amy Rookwood

Never would have thought a podcast by an auto repair shop would have such useful information for a life coach! Kim is open, unconventional and totally easy to listen to. Loved her background story and this non-auto-centered woman can’t wait to hear more!


Community Favorites