Why Business Succession Planning Should Start Five Years Before You Need It
Picture two owners, both sixty-two. One has a documented plan, a trained second-in-command, and a clear idea of what the company is worth. The other has a vague intention to “deal with it eventually.” Then a health scare hits both of them in the same month. Same age. Wildly different outcomes. Five Years Sounds Excessive. It Isn’t. Value takes time to build, and it takes even...
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