Why would creating and maintaining a succession plan be wise

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Succession planning is often overlooked with all that the small business owner must do to be successful.

Think of several small businesses such as a "mom & pop shop", or a small corporation (under 500 employees), or a professional partnership such as a small accounting firm. Why would creating and maintaining a succession plan be wise for each of these types of small businesses?

Reference no: EM132000647

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