Should sole traders be thinking about succession?

Summary

When you’ve worked hard to build your business, you want to ensure that when the time comes to transition out of it, it’s passed on in the way you’d like. For sole traders, the greatest succession threat that must be managed is key man risk. Here’s how to do it.

Tags: how to succession plan, managing a business, planning to exit, selling a business, Sole Traders, Succession Plan, Succession Planning, succession risk