Business Succession: Failure to Plan is Planning to Fail  

So after you, what will happen to the business? It’s up to you. There are three choices: Orderly transition, muddle through a mess, or complete chaos frequently resulting in abandonment of the business. Children are not always the best to take over the family business. More than 80% of businesses are owned by a family but less than a third are taken over by the kids and only 10 percent by the third generation. Employees, customers and suppliers are all watching the outgoing leader and asking what preparations are being made for the continuation of the business.

Instructor: Tony Johnson, CPA
Instructor assignments are fluid and subject to change.