I was reading an article last night in the Nashville Business Journal titled “Passing down a family business is tricky but critical in rocky economy“. It is something we all should think about as business people — succession planning. I’d like my successor to have a decent chance at success when I move on. So, why wouldn’t any business owner plan for his kids, or wife, or partner, or whomever to have sustainable success with the company?
- Business Succession Planning – Tennessee Society of Certified Public Accountants
- Tennessee Farmland Legacy – Succession planning for farms and agricultural business (a lot of information that is applicable to any business)
- Developing a Succession Plan – SCORE
- Getting Out – Developing a Business Exit Strategy – Business.gov