It is not an undertaking you can accomplish piecemeal: The various aspects of the plan are all interactive with each other. It will take away time from your daily business responsibilities. Why ...

She offers this template to think through the process ... Before you can build a succession plan, identify the skills and talents your successor must have, Kelly says. Consider the traits below ...

Figuring out what to do with a small business when an owner is ready to retire can be difficult, but it's best to have a plan ...