If you were a business owner who was considering putting your company on the market but decided not to sell (or at least not anytime soon), what steps should be you taking now? The goals are to ...

She offers this template to think through the process ... Before you can build a succession plan, identify the skills and talents your successor must have, Kelly says. Consider the traits below ...

Savvy business owners need an exit plan. A succession plan aims to ensure that when you retire or die, not only will your business continue according to your vision, but your heirs won't be ...

It is not an undertaking you can accomplish piecemeal: The various aspects of the plan are all interactive with each other. It will take away time from your daily business responsibilities. Why ...

For many, that includes making a living doing what you love and could mean owning your own small business ... in ownership is called a “business succession plan.” The best business succession ...

Is it fair to place the burden of that success or failure just on active owners? Any business succession plan will be fundamentally flawed if it does not address the most important underlying ...

Eventually the business is sold to outsiders under dire conditions. Don’t think that your family is immune from a comparable ...