
Mondays with Rick: Plan now to keep your business flourishing after you leave
Dr. Rick Franza, Professor of Management at the Hull College of Business, discusses a different, timely business topic each Monday in this column. This week, he talks about the importance of a succession plan for your business. The interview has been edited for clarity and impact. ABD: We often hear that a business should have a succession plan to keep going after the owner or founder retires. Why is a succession plan important? Rick: It’s particularly important for small businesses and family-run businesses, but succession planning is important even



