Here's how a succession plan could actually save your small business

  • 📰 CNBC
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 72%

United States News News

United States United States Latest News,United States United States Headlines

Here's how a succession plan could actually save your small business investinyou (In partnership with acorns.)

There may be a surprising silver lining to the Covid-19 crisis for some small businesses.

Wilmington Trust's upcoming Business Owners' Outlook shows that for some entrepreneurs that may mean working remotely or having better communication with employees. For others, it could be creating or revising a plan for what would happen if another unexpected event hit their business. "By planning for what's next, they're not only mitigating risk, but what that is doing instead is for their future," Johnson said. "One that is much better positioned [for their business] to be able to be sold at the end of the day."

Fudge says she has had little time to plan ahead for what would happen to her business if she wasn't around, and losing a loved one recently made her think more about her future and the future of her business.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

sharon_epperson acorns EA for Small Business. Blogger at Love reading history & business. DM for FREE tax law compliance advise.

sharon_epperson acorns I AM JESUS ​​CHRIST AND I DO NOT SUPPORT RACISM !! DONALD TRUMP IS THE OLD SERPENT 'THE DRAGON' 'THE DEVIL'. I WILL DEFEND AFRO-AMERICANS !! I came to step on the snake's head. WHO VOTES IN ('TRUMP DEVIL') GOES TO HELL. 'Revelation of the Bible' APOCALYPSE

acorns When you tweet “in partnership with” does that mean this is an advertisement?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States United States Latest News, United States United States Headlines