Planning for business succession is vital for the future of the business. The succession plan gives the owner a clear vision of the business objectives and how to achieve them. A business owner should be less subjective in succession planning, especially if it...
Across the globe, entrepreneurs of both large and small firms are always hesitant to undertake succession planning. The unwillingness to having a succession plan is reasonable, given the number of emotional decisions the owner has to make. Personal involvement and...
The Covid-19 pandemic created uncertainty for all business managers. These times are especially problematic for anyone wanting a significant change in their lives. It might seem impossible to follow a previous business succession plan amid such a discombobulating...
The COVID-19 pandemic has scared a lot of people into reality. With the thought of fragility in life, many people start thinking about the future of their jobs and financial savings. Many business owners have lost thousands of dollars in future profits and worry about...
Your most significant responsibility as a business owner is to plan for the future of your business. Unfortunately, most successors ruin good companies. The decision as to who succeeds can be its reason for success or failure. Sadly, most family-owned businesses...
