Secure Your Business's Future Effortlessly Succession Made Simple
Cost Considerations
The cost of succession planning can vary widely depending on the size and complexity of the business. For small businesses, costs may include training programs, consulting fees, and the time invested by current leaders. However, these costs are often outweighed by the benefits of a well-executed plan. According to the Family Firm Institute, the typical cost of a succession plan ranges from $10,000 to $50,0002.