Hardwood Floors April/May 2025

SPECIAL CONTENT BUSINESS BEST PRACTICES

Planning Succession You’ve started a business. You’ve grown that business, and you are on the right track. Then, someone asks if you have a succession plan. You might think, ”I’m not ready to sell my business,” or “my son or daughter will take over the business,” or “I don’t have anything to sell.” Well, I am here to tell you that every business should have a succession plan because one way or another, every business will transition ownership at some point.

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