When should the owners of a business start succession planning? NOW!
Successful business succession was a vital move for the overall success of Wiegel Tool Works, precision metal stamping and tool and die shop in Wood Dale, IL. Aaron Wiegel's advise is that you can never start the planning process too early. Marty Wiegel started thinking about succession planning for Aaron, Erica and Ryan while in his 50’s.
Aaron suggests that unsuccessful succession planning sets a company many years behind.
Listen to the interview at: MakingChips