Hope for the best, plan for the worst.
This quote applies to so many situations, but it’s especially true when it comes to succession planning strategies for business owners. When you’ve put your heart and soul into a business to make it a success, you won’t want it to go under if something happens to you.
That’s why it’s important to have a succession plan.
It can set out your wishes and requirements if there’s a significant event that affects your ability to run your business.