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Dance Filleting, President of Designing Financial Solutions, discusses the importance of business succession planning. Succession planning allows business owners to determine what will happen to their business when they are no longer able to run it. Shockingly, 60% of business owners have no succession plan at all. Not having a written plan is like having no plan at all. It is crucial for business owners to have a clear succession plan in place to ensure the continuation of their hard work for the benefit of their family and heirs.
