Could This Be Your No-Cost Succession Plan?

Owner independence can be a key advantage for smaller privately-owned companies, as it allows for greater agility in decision-making and innovation without the constraints of external investors. This autonomy fosters a culture of entrepreneurship, enabling business owners to prioritize long-term growth and customer satisfaction over short-term gains. Emphasizing owner independence can also lead to more personalized service and stronger relationships with clients. Exploring this approach can provide insights into fostering resilience and sustainability in small businesses, positioning them for success in a competitive landscape. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: Inc.