Almost 90% of business owners want their business to pass on to the next generation. But actually, more than 85% of them do not have a succession plan to ensure it. In the current scenario, more than 50% of the business owners expect a change in the ownership because their children will not be interested in the business., they would like to pursue their passion.
What will be the future of your business?
Adequately structured succession planning is needed for any business.