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 ...

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 ...

Owning a family business, and planning the succession of your family business ... WealthSource® Partners LLC in 2022. As a serial small-business owner, Goodbread has bought and sold multiple ...

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