Be more organized, improve your networking and give back to the community are some common resolutions small business owners make year after year. You may be among those who hope to increase your sales and your own business savvy at the same time over the next 12 months. Maybe you have even added to your list of resolutions a promise to spend less time at work and more time with your family.
One item that is glaringly absent from the lists of goals for many small business owners is the plan to begin preparing for the succession of their businesses. Does this include you? If you have a dream of retiring and passing your business on to the next generation, but have not made a plan to do so, it may be time to revise your resolutions for the coming year.