Why not having a succession plan can derail your business — and put your legacy at risk

https://www.cnbc.com/2019/10/30/a-winning-succession-plan-should-include-these-6-strategic-moves.html

• According to Rocket Lawyer, 72% of business owners have no succession plan in place to handle leadership transitions if they should find themselves unable or unwilling to continue managing their enterprise.
• About 8 in 10 entrepreneurs blame this oversight on being too preoccupied with managing their company’s day-to-day operations.
• Building a succession plan into a company’s fundamental DNA can ensure that the right people take over the operation and it continues to flourish.