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Business strategy
Why you must have a succession plan.
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[QUOTE="Axis, post: 344721, member: 66672"] Above everything that a business owner should be concerned in his or her business it is also expected that he or she develops what is known to be a succession plan which is obviously a plan in determining who will succeed him when he or she retires out of the business. The most sole proprietorship business when a particular business owner retires the business also retires. It doesn't have to be that way if only the business owner makes what is known to be a succession plan in determining who will succeed him when he or she obviously retires. It could be a family member or possibly a relative to succeed him or her or possibly his or her son or daughter, whatever the case may be such individual must possess the willingness and the ability of business management and throughout the years he or she must have gathering better and trending knowledge about business management. [/QUOTE]
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