Perhaps the most powerful illustration of succession's importance inside the family firm is the staggering number of family businesses that plan to hand over control to the next generation in the short_term. For instance, in the US alone, 40% of family business CEO's are planning to transfer power to the next generation within the next 5 years. When viewed in combination with the factors surrounding succession, this statistic truly represents the importance of the succession process not only within the firm, but also on a macroeconomic level_family_owned businesses have served as the backbone of society since the times of the ancient Greeks.
Writing a one page business plan (instead of a hundred_page, in_depth business plan no one will ever read) has become a popular and efficient way to get your small business moving in the right direction. This article is meant to be an all_inclusive resource for anyone wanting to write their own one page business plan and use it to actually start a business.