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Poll: Most small-business owners aren't planning ahead

from CNBC

Starting and growing a business usually involves a fair amount of sweat and sacrifice. Yet many entrepreneurs who have spent years building successful businesses would rather have a root canal than undertake the often-painstaking process of succession planning. A succession plan is essentially an exit strategy, ideally one that ensures that the current owner of a business, or that person's heirs, will be able to cash out at a fair value under certain circumstances. more


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