Before Hanging Out Your Shingle…

Create a business plan; it can be your road map to success

purpose of succession planning is to prevent potential conflicts when transferring business ownership. This section should describe how a transfer will be handled given certain circumstances such as death, disability or retirement of the owner or other key persons.

Creating a business plan is a serious process. Each part should be given considerable attention. Next month, we break down the elements of the executive summary.

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