The New Reality of Succession Planning
Yes, it is a bit daunting to be sharing the latest succession planning news with such an illustrious group of planners. For starters, you totally understand the importance of succession planning and the consequences of not having such a plan in place. Then there’s the part about you and your colleagues working regularly with clients to ensure they have such plans in their own businesses. But there’s an ironic twist. Despite all of this smarts and practical application, the startling fact remains - less than 10 percent of sole proprietors and half of multi-owner firms actually have a succession plan in place in their own practice. Even worse, not much has changed with these findings over the past four years. Read More
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