Without a set succession plan, a large number of these firms around for decades could disappear sooner. The data also reveal that just 30% of small businesses successfully sell, meaning 70% don ...

Strong succession isn’t going to happen by accident. It’s driven by leaders who are willing to plan boldly, act decisively and invest in their next generation.

The report reveals that succession planning is one of the most significant hurdles for entrepreneurs. An overwhelming majority—66%—lack a formal exit strategy or succession plan. This is often ...