Business succession management means your exit plans need to be clear in not just in your own mind, but in a written document that explains how your business operates. Working “ON” your business means working on these five things:
1. Cross train employees
2. Create employee manuals
3. Understand the sales process and timeline
4. Emotionally detach from the business
5. Remove non-operating assets
Invest your time in building your business by talking with Ralph Berge, Cleveland business coach about family business planning.
