3 Tips to Jump-Start Your Business Succession Plan

​Are you a small-business owner without a succession plan? You’re not alone. According to a small-business survey from Nationwide, half of respondents said they don’t have a succession plan. Among those without a plan, 47 percent said they don’t think such a plan is necessary. An additional 22 percent said they didn’t have time or know how to proceed, while 11 percent said they didn’t have time.1
 
A succession plan may not be at the top of your priority list, especially if you’re not approaching retirement. However, a sound, comprehensive succession plan is a critical tool for many business owners. Your succession plan can help you make strategic long-term decisions so you can capture maximum value when it finally is time to exit your business.

Read More