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When writing about economic contingency planning in the best book about economics for business, I forgot how varied companies are in their planning processes.
Jack Beauregard, founder of the Successful Transition Planning Institute, in his book Finding Your New Owner: For Your Business, For Your Life, tackles the same issues with a structured transition planning approach for Baby Boomer business owners.
For example, in their book Changing Places: Making a Success of Succession Planning for Entrepreneurs and Family Business Owners, David Franzetta and co-author Moss Jackson provide a path for business owners to develop and execute their own customized succession plans to secure the future for themselves, their families and their employees.