There are growing concerns that small and medium businesses are failing to plan for the future, which is putting them at risk of insolvency. That's because virtually all small business owners have virtually all their financial resources tied up directly or indirectly in their small business. So if the succession planning fails - usually because it is never implemented - the business fails and so does everyone who is looking to it as their financial security.
http://www.waynemessick.com/succession-planning/small-business-failing-on-succession-planning
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