Business Succession Planning

There comes a time in everyone’s life and business to consider moving on.  Whether the decision to move on is due to the desire to explore other opportunities, to retire or is the result of other circumstances, it is best to be prepared.

Preparation for the future of your business is often called succession planning.  Succession planning has many aspects including financial, staffing, structure, organization and even marketing.

Unfortunately, it is often the case that a small remodeler or other business owner simply closes the doors, leaving with whatever savings they were able to accumulate.  Although this decision works for many, it is not always necessary to just walk away. It is possible, no matter where you are in the cycle of your business to plan for its long term continuation.

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About Lorraine Hart

Lorraine Hart, President of Ideal Consulting Services, Inc., has been helping businesses and healthcare practices improve their organizations and become more profitable since 1993. She has written and published numerous articles on business and practice management topics including: Organization, Employees, Sales and Marketing, and Profitability. Lorraine is a past President of the New York City / Long Island Chapter of NARI, the National Association of the Remodeling Industry. Prior to forming Ideal Consulting Services, Lorraine served in an upper middle management position at Grumman Data Systems.
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