The Great Exit Crisis: The Succession Planning Gap in Small Business

State legislation seeks to increase sales of small businesses to workers – The Bay State Banner

When Halsey Platt started thinking about retirement from his decades-old residential construction business, he had to decide what would happen next.

The Great Exit Crisis: The Succession Planning Gap in Small Business

A wave of small business owners are nearing retirement, yet many lack a succession plan. Here’s why that’s a costly mistake—and how to avoid it.

Succession Planning Is A Must For Today’s CEOs - Data Intelligence

Succession planning is having a moment. From Warren Buffet at Berkshire Hathaway to Jamie Dimon at JPMorgan Chase, CEO transitions are front-page news. Yet these carefully orchestrated announcements mask an undeniable reality: few organizations sufficiently prioritize succession planning, a serious oversight with rising C-Suite churn. According to the executive intelligence firm Equilar, average tenure for S&P 500 chief executives has declined 3…

UAE entrepreneurs lack succession plans, warns HSBC

48% have no succession strategy MAF situation highlights issue Contribute 40% of GDP Almost half of entrepreneurs in the UAE have no formal succession strategy in place to protect their business or family wealth, according to a report from HSBC. This failure to prepare points to a structural risk in one of the country’s most vital economic segments. While 98 percent of UAE respondents are optimistic about their businesses, 48 percent have not p…

Scalability to Succession/Exit: Planning for the Future

Discover key strategies to prepare your business for succession by boosting profitability and building self-sustaining marketing systems.