Why Succession Planning is Important For Your Retail Business

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In my family, only my great-grandfather had the experience of starting a store from the ground up. 

While none of the first two generations are alive to talk about it with me, I believe my great-grandfather was like most business owners. When he first opened, the thought of retiring or selling the business was not on his mind. We jokingly say that my great-grandfather had the best retirement plan: he had five children. Surely one of them would want to succeed him in the family store.

This story originally ran in Beverage Dynamics. View the full article here.