Entrepreneurship is wrought with challenges, ranging from scaling up and administration to resource issues and succession planning. While most of these issues get the entrepreneurs' attention, succession planning often remains a blip on their radar. A dangerous mistake, one that can hamper the business' continuity in the long run.
Small business owners prefer to keep the ownership and business management under their control, extending it at most to family. This helps the owner manage the everyday affairs - compliance with government authorities, maintaining accounting records and formulating business policies and so on.
To read the full, original article click on this link: Is your succession plan in place?
