The value of succession planning for your business. Image source: Unsplash. The show follows the ruthless battle between three siblings as they vie for the position of heir to their father’s media empire.
While this is, of course, a fictional story, one aspect of it can be applied to the real world: the Roy Family could really have benefited from a comprehensive succession plan. While the lack of a solid succession plan makes for great television ratings, it has a far less desirable outcome for you and your business. So, what is a business succession plan, why should you consider it, and what does it involve?As a business owner, you’ve probably worked tirelessly to create something of value.
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