Once a business owner transfers power and control to her successor, he or she should not hesitate to step back into the business to fix problems when they occur.

Question

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Once power and control have been transferred, it is important for the successor to take ownership and be responsible for fixing problems that arise. The previous owner should step back and allow the successor to handle the situation, as intervening can undermine their authority and damage the transition of power.

Once a Business Owner Transfers Power and Control to Her