Starting a New Business
A successor is an individual or entity that inherits or takes over the responsibilities, assets, and leadership of a business or organization, typically following the departure of the previous leader. In the context of family businesses, a successor often plays a crucial role in ensuring the continuity of operations and preserving the legacy established by prior generations. The choice of a successor can greatly influence the future direction and success of the business.
congrats on reading the definition of successor. now let's actually learn it.