❓ASK is it possible for a business to survive after owners death?

Fozzy_boy

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Yea it’s very possible to continue even after the death of the user if the founder has set a good succession plan for the company before his death
 

cowantussie

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The study revealed that the death of a founding entrepreneur wipes out on average 60% of a firm's sales and cuts jobs by roughly 17%. Also, these companies have a 20% lower survival rate two years after the founder's death compared to similar firms where the entrepreneur is still alive.
 

Setfragil

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It is actually very possible for a business to survive after the owner's death because most of the big corporations in existence right now are not being run by the owners and their owners have died a very long time ago so therefore it is a common thing to see a business surviving after the owner of the business has died.
Companies that survive after the death of the owner of the company have a good working plan in the company. For any company to survive after the death of the owner is to have a successors plan in case of unexpected circumstances like death of the owner f the company.
 

Ralphjoe

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Companies that survive after the death of the owner of the company have a good working plan in the company. For any company to survive after the death of the owner is to have a successors plan in case of unexpected circumstances like death of the owner f the company.
I totally agree with you that most companies do have a plan in place for the successor of company but I will say that any company can continue after the owner's death depending on the plan that the company has put in place.
 

Niftyyem

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This is why business owners should have those being groomed for situations that may cause them to put someone there to handle things in their absence. A good business wouldn't end with the founder's demise.
 

Ayokex

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A business can survive after the owners death. As long as the owner made plans to transfer ownership of the business to competent hands after his death. Even if he didn't make plans, whoever takes over the business can keep it stable if he has good managerial skills.
This is very very possible. A business can survive after its owner's demise. We've heard of many businesses which are being passed from one generation to another and uphold the legacy left behind by the founder. For this to be possible, the legacy set by the business owner matters a lot.
 

Jlife

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Yes it is quite possible because business do not survive because someone is alife ,business only survived because of the management of that business, everything can be handed over to a trusted managing personnel and everything goes on as normal.
 

topfly007

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Sure! It is very possible for a business to survive after the owner's death if the death owner in question do have reliable hands that can continue from where he left of
 

IamDozzy

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It is very possible especially if the company consistent of shareholders from the public, the shareholders could easily vote for a new head of the company and business would move on as usual.
 

Cash%

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It depends because some business dies after the death of the owner. Because the owner could not keep up with promoting and increasing the business dimension
 

eLdavis

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Yes its quite possible, and i have seen it happen as well, the family either take over the business or the partner. As long as they have the vision of the business in mind there would be no issue taking over
 

Kelly5

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The survival of a business after the death of it's owner is very possible and more so if the inheritors of the business are actually in full knowledge on how to run that business. Except if it is in the hands of lazy people
 
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