3 min

Succession Planning for Continued Success and Growth

by Isaac Oswalt on June 19, 2015


Have you given much thought to your exit plan from your family owned business? Having a business succession plan can be particularly important for a family business, though less than 30% of family businesses have a plan in place (Thompsonlaw.ca). With a succession plan, a family business can ensure sustainability and without one you gamble the chance of chaos reigning should an emergency situation occur. 

With this in mind, here are 10 Tips for Succession Planning in a Family Manufacturing Business to ensure continued success and growth:



Any time your manufacturing company is planning a significant move, it is beneficial to seek advice before you begin. A trusted team of outside professionals can offer valuable, unbiased insight into a business succession plan and help guide you in making the best decisions.


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Isaac Oswalt

Owner of 21 Handshake, a strategic marketing company, driven to grow relationship-driven businesses. Futurist in nature, Isaac displays a deep desire to preserve the human element in today's business. Trust being the ultimate currency, his clients appreciate that "new and stronger handshakes" is a success metric in their businesses.

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