Succession planning may be the single-most neglected aspect of business ownership. Don’t make the same mistake that so many others do. Instead, get started with your plans today.

Learn why transition plans are crucial for small business owners and the options available for a successful ownership ...

The potential upsides of effective succession planning are huge, and yet most companies are not realizing these benefits, ...

With the right succession planning, you can build a more resilient, agile and valuable business. Skip to content. All Sections. Subscribe Now. 60°F. Monday, April 14th 2025 ...

Yet, 30% of business owners don’t have a formal business succession plan, according to the Northern Trust Institute’s Business Owner Benchmark Survey. Worse, ...

Establishing a business succession plan may be the single most important step to ensure the success and longevity of a family business, and more family businesses seem to be catching onto this fact.

Creating a family business succession plan requires careful consideration and thoughtful planning. Here are some best practices to keep in mind: Start early: Begin the succession planning process ...

“Business owners live every day for their business, so … they don’t anticipate these successions, whether it’s an offer or ...

We wrote an article for this column that was published back in July of 2015, titled “Estate Planning Consideration for Closely Held Business Owners.” A parallel topic for business owners, that ...

Business Succession Planning – planning that helps organizations prepare for transition in leadership and puts structures in place to develop skills and competencies in employees.

Sponsored Content: Fewer than one in four private companies report having a succession plan in place (1). It’s understandable. You are so focused on the day-to-day operations and immediate ...

Family Business Succession Planning Is Never Easy. Every family wants to create a legacy for their children in the future, but often they skip the critical steps in the present.