How to Make Sure Your Business Lasts Long After You
It’s often the single most neglected element of business ownership. No one wants to think about it. But failing to choose a successor for your company’s leadership can result in devastating consequences for your family and employees. With a Succession Plan, Your Business Can Last When You are GoneYet far too many small and family business owners neglect this step. A Small Business Survey conducted in 2017 by Nationwide showed that fully 60 percent of all small businesses lacked any kind of succession plan. Failing to plan may literally be planning to fail in this case. A strategic succession p...