Crucial Strategy to Safeguard Long-term Business SustainmentSuccession planning is a vital, yet often undervalued process for many small entrepreneurial businesses, but is something that is necessary for long-term business sustainment. This isn’t something that is absolutely required at the highest levels, but should be considered for every single level of your business.Roy Murad, Business Advisor & Entrepreneur, understands that while succession planning is crucial, most small companies do not have a comprehensive strategy. In fact, a recent CFIB poll shows that only 9% of Canadian small business owners have a formal succession plan.“For every job you have in an organization, no matter the size, you have to have a bench of players ready to pick up the slack,” says Murad. “I have spent years building and maintaining ...