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ARTICLE: Business Succession Planning

December 8, 2014 | Press

The starting point for all succession planning is whether or not a business owner truly believes his or her service or product is worthwhile beyond his or her own tenure.

Initial considerations, then, must include the desire to continue the business, understanding that the goodwill and skill set of the owner are replicable, value exists and that someone would be interested in continuing that legacy at some investment of their own.