It is generally safe for the small business owner to assume that his/her children will succeed him/her into the business.

Question

Quizplus · Accepted Answer

While it is possible for children to succeed their parents in business, it is not a guarantee. The children may not be interested in taking over the business or may not have the necessary skills or qualifications. It is important to have a succession plan that considers multiple options, including selling the business or grooming a non-family member to take over.

It Is Generally Safe for the Small Business Owner to Assume