As a small business owner you would have spent years concentrating on making your idea a big success, but have you taken the time to think about the future? What would happen if you stopped actively participating in your business? If your small business depends on you, you need to think about implementing a succession plan.
We have all heard the adage ‘Fail to plan, plan to fail’ and when it comes to business there is a lot of truth in these words. Although you’re always going to try your best for your business, things do occasionally go wrong.