Tag: succession planning

Disaster Preparedness, Operations, Strategy

COVID-19 is your wakeup call: Do you have a company succession plan? We have tips for you

The COVID-19 crisis is just one more reminder about the importance of a succession plan. A smart succession plan is just good business, protecting your legacy, company. Customers, employees, and relatives when a family business is impacted. Most large companies have them, but many small and mid-size business owners avoid […]

Operations, Strategy

Do you have a succession plan in place for your small business? More than 70% do not.

Succession planning isn’t just for family businesses and large corporations. Many small business owners don’t plan for what will happen to their companies during a prolonged illness or after their deaths. Unforeseen circumstances could put their businesses at risk of shutting down. I’ve seen it happen, unfortunately. The young owner […]