Perspective
Feb. 25, 2013
All business owners need an exit plan
The adage, "failing to plan is planning to fail," certainly sticks when it comes to business succession planning. By Michael Burstein
As a partner or owner of a small business, you learn that big changes can occur in the blink of an eye. Therefore, business succession planning is extremely important, and oddly enough the vast majority of business owners give it little, if any, thought. At inception, many business owners create a business plan that relies on a series of assumptions that may or may not pan out. Those same people rarely take the time to prepare for the time whe...
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