blogstagshome pageold postsinfo
helpchatnewscontact us

Small Business Owners Advised to Initiate Succession Planning

December 13, 2024 - 02:59

Small Business Owners Advised to Initiate Succession Planning

Small and medium-sized business owners looking towards retirement in the near future are being urged to prioritize their succession planning. This crucial message was conveyed by Mark Dorman during the recent Geauga Economic Leadership breakfast held at Kent State University – Geauga on December 6. Dorman, the founder of Legacy, emphasized the importance of having a well-thought-out exit strategy in place, as it can significantly impact the future of the business and its employees.

With many business owners approaching retirement age, Dorman highlighted that the time to start planning is now, not later. He shared insights on the various aspects of succession planning, including identifying potential successors, assessing the value of the business, and ensuring a smooth transition.

The discussion underscored the necessity for owners to engage in proactive planning, ensuring that their hard work and dedication can be passed on effectively, safeguarding the business's legacy and supporting the community it serves.


MORE NEWS

World Cup business boom: Phoenix soccer fans pack local pubs to support international teams

June 14, 2026 - 11:52

World Cup business boom: Phoenix soccer fans pack local pubs to support international teams

The World Cup is delivering a significant economic boost to local bars and restaurants in Phoenix, with one downtown establishment reporting a 30% jump in overall sales since the tournament began....

US Government Suspends Access To Claude Fable 5 And Mythos 5 (What It Means For Your Business)

June 13, 2026 - 19:35

US Government Suspends Access To Claude Fable 5 And Mythos 5 (What It Means For Your Business)

The US government has ordered Anthropic to immediately suspend access to its newest AI models, Claude Fable 5 and Mythos 5, effective overnight. The move caught many businesses off guard,...

Northport’s $5M Big Mike’s Steakhouse incentive deal draws scrutiny

June 13, 2026 - 03:34

Northport’s $5M Big Mike’s Steakhouse incentive deal draws scrutiny

Northport`s decision to invest nearly $5 million in a new Big Mike`s Steakhouse is continuing to draw scrutiny from residents and local business owners. City leaders approved the incentive package...

He saved for 4 years, quit his job, and moved to Argentina

June 12, 2026 - 12:24

He saved for 4 years, quit his job, and moved to Argentina

Justin Heiter walked away from a thriving sales career in Washington state after four years of disciplined saving, trading corporate stability for a writer`s life in Buenos Aires. The 34-year-old...

read all news
blogstagshome pageold postsinfo

Copyright © 2026 Finquix.com

Founded by: Rosa Gilbert

top pickshelpchatnewscontact us
cookie infodata policyterms of use