Succession plans generally fall into one of three main categories or types, each following a different path toward achieving long-term plan objectives. Advantages of Succession Planning ...

Small business owners will gain by pondering the title of the leadoff article, “Hope Is Not a Plan.” Carol Katarsky lays out three types of succession plans.

This makes succession critical to the economic viability of the ag business and the continuation of the family farm (let alone the happiness of the family and partners involved). There are four ...

Black businesses should make succession planning a priority alongside boosting revenue and adding customers. Helping to ensure business longevity and preparing for a smooth leadership transition are ...

This type is identified by their strict adherence to authority and rules. ... Succession Planning. The Best Time to Start Your Retirement Plan. June 09, 2025 12:05 PM · Paul Neiffer.

O'Halloran said regulators had been telling financial institutions that succession planning was a top priority, but the crisis in March 2023 put some of that strategic work on pause. "I think [after ...