A huge mistake that an overwhelming majority of businesses make is discounting the value of business succession planning. Believe it or not, three out of four small businesses in the United States are operating without a thought toward the future as it relates to who is going to run the show next.
You may not think business succession planning matters now, especially if you’re young and thriving, but if anything happens to you, your employees, other owners, and customers all could be left scrambling and your life’s work could dwindle as a result.
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