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My Son/Daughter Will Take Over The Business

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Legacy is something everyone who starts a business thinks about from time to time.  The transition to a son or daughter is all too often assumed.  Here is some quick advice on the topic:

Ask Them – Do they really want to?

Ask Yourself – Are they really capable?

Tough questions that lead to uncomfortable discussions but not as uncomfortable as watching your legacy diminish because your successor lacks either the passion or skill set to maintain it.

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