Passing the Torch - Succession Planning for Business Owners
There are, according to Sam Kreamer of the Kreamer Law Firm, only three things you can do with your business: (a) you can run it forever (which no one has ever done - the "live forever plan" has turned out to be unsuccessful); (b) you can close it (which no one wants to do); or (c) someone else can own and run it after you no longer are able or after you no longer wish to do so. Here Sam lays our the process of Succession Planning. Remember, it's not an event but a process.
The award winning Insight on Business the News Hour with Michael Libbie is the only weekday, hour-long business broadcast in the Midwest. The national, regional and local business news along with long-form business interviews can be heard Monday - Friday starting at 5:00pm on AM-940. The Business News Hour is a production of Insight Advertising, Marketing & Communications through a business relationship with The Des Moines Radio Group. You can follow us on Twitter @IoB_NewsHour.
It is Free