Succession Planning for Women Business Owners
Women entrepreneurs face a unique set of hurdles when it comes to starting new businesses, particularly in a post-pandemic world. In 2021, women started about 40 percent of all new businesses, and this figure has remained fairly steady for decades.1
With the unique stresses of operating a brand-new business, many women business owners may not give a lot of thought to succession planning. However, life is full of unexpected twists and turns, and succession planning can be a critical step in ensuring the long-term health and viability of your business. Below, we discuss a few tips and tricks when it comes to planning your business’s future.