Define the essential qualities of a successful family business

12.1 Learning Outcomes:

Explain the factors necessary for a strong family business
Understand the exit strategy options available to an entrepreneur
Discuss the stages of management succession
Explain how to develop an effective management succession plan.
Understand the four risk management strategies.
Discuss the basics of insurance for small business.

12.2 Action Required:

Watch the short video at the following link:

12.3 Test your Knowledge (Question):

Define the essential qualities of a successful family business.?

12.4 Instructions

Answer the question available in the “Test your Knowledge” section.

Post your answer in the discussion board using the discussion link below