Explain the factors necessary for a strong family business
- Understand the exit strategy options available to an entrepreneur
- Discuss the stages of management succession
- Explain how to develop an effective management succession plan.
- Understand the four risk management strategies.
- Discuss the basics of insurance for small business.
12.2 Action Required:
- Watch the short video at the following link:
https://www.youtube.com/watch?v=a_63VIDJbWw&list=RDLV30pxmKvkzFM&index=2
Define the essential qualities of a successful family business.?
Answer the question available in the “Test your Knowledge” section.
Post your answer in the discussion board using the discussion link below
