Building Your Business Legacy: Is your business prepared for the future?
Did you know the regions with the highest first-year business success rates include California, Kentucky, and Massachusetts?1
On the other hand, Washington state, D.C., and Idaho face more challenges during those critical first 12 months.1
What sets successful businesses apart?
Factors like access to capital, economic conditions, and strategic planning all play a role.
One of the most impactful ways to ensure your business thrives in the long run is by creating a thoughtful succession plan.
Having a plan isn’t just about avoiding disruptions — it’s about ensuring your business is prepared for smooth transitions, continued growth, and long-term success.
We share key tips for building a succession plan that works for your business. From nurturing leadership pipelines to creating a flexible exit strategy, these insights can help you feel confident about the road ahead.
Click here to explore actionable tips for your business’s future.
Don’t wait for a sudden change or challenge to start planning. A proactive approach now can help you navigate transitions seamlessly and prepare for what’s next.
Sources:
1. Lending Tree, 2024 [URL: https://www.lendingtree.com/business/small/failure-rate]
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