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3 Tips to Jump-Start Your Business Succession Plan

5/10/2018

 
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​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.

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First Fidelity Group, Inc. 
7041 Canal Blvd.
Suite # 133
New Orleans, LA  70124

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Licensed Insurance Professional. Respond and learn how financial products, including insurance and annuities can positively impact your retirement. This material has been provided by a licensed insurance professional for informational and educational purposes only and is not endorsed or affiliated with the Social Security Administration or any government agency. It is not intended to provide, and should not be relied upon for, accounting, legal, tax or investment advice.
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