Resolve to Make a Business Succession Plan in 2013!
How much have you thought about business succession planning and who you will pass your business onto when you retire? The time is now to make a plan.
With the New Year upon us all, I am sure you are making short- and long-term plans when it comes to keeping on top the latest technology and equipment, keeping current customers happy and seeking out new business opportunities. Perhaps it’s also time to think about business succession planning. Who will you pass your business to when you retire? Have you made contingency plans in case of illness? Read here how one mold manufacturer consulted an expert to help him navigate the world of trusts and annuities so he could ensure the longevity of the shop his father passed down to him.
Related Content
-
MMT Chats: The Science of Moldmaking, Part 2
In Part 2 of this two-part MMT Chat, Christina and Don continue their conversation by exploring lean manufacturing and tips on how to attract, train and retain the future workforce.
-
Tackling a Mold Designer Shortage
Survey findings reveal a shortage of skilled mold designers and engineers in the moldmaking community, calling for intervention through educational programs and exploration of training alternatives while seeking input from those who have addressed the issue successfully.
-
How to Use Continuing Education to Remain Competitive in Moldmaking
Continued training helps moldmakers make tooling decisions and properly use the latest cutting tool to efficiently machine high-quality molds.
