Insurance & Law

How to Create a Business Succession Plan

Business owners invest significant time and money to grow their companies and help them succeed. While most hope their businesses will thrive after they’re gone, many delay the development of a succession plan. This can be risky. Only 30 percent of family businesses survive into the second generation, according to the Family Business Institute. Succession planning helps increase the odds that your business will be built to last.

Is it time to begin your succession planning?

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