According to a recent study by MCA Associates, 60% of family-owned businesses do not have a full and active succession plan—and about 50% haven’t even thought about a choice of successor. These owners are in danger of having worked all their lives creating, building, and running a business only to have it fall into limbo when the time comes for their retirement or upon their untimely death or disablement.
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AuthorHoward W. Coleman has worked with over 145 clients in distribution management and manufacturing consulting engagements. Archives
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