The Critical Thing Entrepreneurs Rarely Consider...Until It's too Late
Entrepreneurs - great at business planning, lousy at succession planning
In fact, a study conducted by Wilmington Trust found that nearly 60 percent of privately held businesses have not even considered succession planning. Additionally, a statistic from Wisconsin-based estate planning firm, the Walny Legal Group, found that 60-70 percent of small business owners want to pass their operations on to their progeny, but less than 15 percent ever do.
The Wilmington study also found that owners who have considered an exit strategy for themselves want to ensure the following three priorities are addressed during any transition:
Making sure the company remains viable in the long run.
Ensuring that employees continue to have jobs and a future with the organization.
Continuing to seamlessly meet customers' needs without any disruption of delivering products or services.
(Tor Constantino. ENTREPRENEUR LEADERSHIP NETWORK CONTRIBUTOR
Opinions expressed by Entrepreneur contributors are their own).
Por: Tor Constantino
Fonte: Entrepreneur, em 17 de Fevereiro de 2021