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BBB: Why succession planning matters

  • The Better Business Bureau is introducing a summer program consisting of three sessions aimed at helping business owners navigate leadership changes and establish a lasting legacy.
  • Many leaders postpone planning for the future leadership of their business, creating potential risks and instability if they leave without a well-defined succession strategy.
  • Succession planning involves formalizing systems, delegating responsibilities, and tightening financials to strengthen businesses for sale, transfer, or unexpected leadership changes.
  • Mechele Agbayani Mills, BBB Central East Texas president, said, "Succession planning isn't just about transition," stressing it as a strategic part of ongoing business leadership.
  • Implementing succession plans helps reduce confusion and vulnerability for employees and supports sustainable growth, while lacking plans leaves business futures to chance.
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Star Local broke the news in on Tuesday, May 6, 2025.
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