How do I transition my campground to a long-time employee?
Treat it as a sale with a friendly buyer. Test whether your employee can handle the owner’s side: finances, seasonal planning, maintenance decisions and guest disputes. Work out how they will fund the purchase, including whether you will carry part of it, and have each side get its own professional advice.
A good employee knows the daily work, but ownership adds things they may never have seen. Over a season, give them the owner’s tasks one at a time: budgeting, hiring seasonal help, dealing with suppliers, and handling the tough guest complaint. Notice where they hesitate and fill those gaps with training.
Funding is usually the hard part. An employee rarely has the cash, so ask whether a lender would back them, whether you would accept payments over time, and what happens to you if they miss them. Growth and transition financing exists for exactly this kind of handover, so ask a lender what they would want to see.
Keep the other staff in mind. Promoting one person changes the crew, so talk to the rest early and think about who might leave. Protect yourself too. Agree on what you will do during the changeover, how long you stay available, and what security you hold if you finance part of it. Put all of it in a written agreement drafted by a lawyer.
Key takeaways
- Hand over owner-level tasks one at a time and watch where the employee struggles.
- Settle how they will pay, and what protects you if you carry part of it.
- Talk to the rest of the crew early, and put everything in writing.
- Keep your own role during the changeover defined, with a clear end date.
Related reading
15 pages on the same subject, grouped by topic.
Buying
Due diligence
Selling
Succession
Legal
Sources
This answer is checked against primary sources. Links were last confirmed on the dates shown.
- 01Canadian Federation of Independent BusinessResearch dataSuccession Tsunami: Preparing for a decade of small business transitions
- 02Business Development Bank of CanadaGovernmentGrowth & Transition Capital
- 03Business Development Bank of CanadaGovernmentCustomized financing - Growth & Transition Capital
- 04Business Development Bank of CanadaGovernmentWhat is succession planning?
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