MKS&H Articles

Seven steps to Improving your Succession Planning

[fa icon="calendar'] Mar 10, 2016 10:43:47 AM / by admin posted in Advisory, succession planning, succession, business

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Finding a successor to take over a business is an underestimated challenge, according to a recent study on succession planning by Stanford University’s Graduate School of Business.

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Top 5 Succession Tips for your Business

[fa icon="calendar'] Nov 16, 2015 12:46:56 PM / by admin posted in Organizational Alignment, Audit, Audit and Accounting, succession planning, strategic planning, accounting, succession, business, Entrepreneur, Strategy

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Did you know that more than half of the small business owners in the United States are at least 50 years old or older? In the U.S. alone there are 28 million small businesses (fewer than 500 employees) and over 22 million self-employed business. According to CNBC surveys, it is believed that 80% of small-business owners plan to sell their business to fund their retirements, however only 30% percent have a written succession plan. At MKS&H, we work with our clients to be prepared, so here are our top 5 successful succession tips that will benefit small-business owners:

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