Why is Succession Planning in a Family-Owned Business Difficult?
As a business owner, you’ve likely considered what will happen when the time comes to pass control and ownership of your family-owned business onto another generation. But are you aware of the complexities associated with succession planning in this type of setup? Succession planning is essential for any thriving family-owned business, but there can be […]
Business Succession Planning – Three Fundamental Reasons You Need It Now!
As a business owner, it’s essential to have a succession plan in place that will ensure your business’s long-term success and sustainability. Succession planning is the process of creating a tangible roadmap for when you may no longer be running your company—whether due to retirement, leaving the business, death, or other reasons. Without having this […]
