How Succession Plans Help Mitigate the Risk of Business Failure
Modern Restaurant Management
JUNE 16, 2021
Businesses fail for a variety of reasons. In the case of a restaurant business owned by a corporation or LLC, one of those reasons is the shareholders’ or members’ failure to have a plan to replace the key decision-maker(s). Even successful businesses can suffer crushing losses while their owners figure out who’s in charge. A good business succession plan can help mitigate the risk of that happening.
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