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.

Entrepreneurship and small business

Week 12: Interactive Learning Activity

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 :

Identify and explain the essential qualities to 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

 

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