Archives from: 18 April 2018
April 18, 2018
Crucial Strategy to Safeguard Long-term Business Sustainment Succession 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 ...
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Mark Chyz