Business succession is the process of choosing someone to take over your business, and developing a plan to make it work. While lots of business owners overlook business succession planning until the last moment, it’s a critical part of ensuring the future success of the company.
For many entrepreneurs, selling the business they created is the ultimate goal. Even though selling a business is common, it can be a tricky process to figure out. Not only are there dozens of factors to consider, both internal and external, but selling a business is an intensely personal decision. Fortunately, this guide will provide you with the help you need.