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

[Genius]

A business that can't operate without its founder is a business with a deadline. Many businesses suffer after founder's death, and it is often caused by the founder being unable to let go of certain decisions and responsibilities as the business grows. Over dependency is something common in sole proprietorship.

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

Of course. Very possible! If there is a veritable business plan and families to ensure continuity and has the same purpose, vision and resources has the owner, a business can prosper after the death of the owner. But it is usually very uncommon because every man has his own ideals.

 

[Prettyjanie]

It's possible for a business to survive after the owner's death. There are instances where the owner of the business had family members or Friends who were working with him while he was alive, they can continue in line with the owners vision after he is dead.

 

[Adexgrace]

Depending on what the business is and it's organization, If it is a sole propertorship, then I wil be difficult to continue, but if owned by groups of individual then the business can continue to grow.

 

[pepper gee]

It is only possible when the person that wants to take over the business knows about the business and is also determined to make the business big

 

[Yaqoob Habib]

It is very possible for a business to survive after the owner's death. If the owner had a child that he was probably training well in the business, the child can easily take up the business after the owner passes on, even if the child does not know about the business, the owner did not run the business alone so some people could have worked closely with the owner who would have seen how the owner ran the business and all the things the person did to be successful and can teach the child so that the person can take up those tips and use it as well.

If the business is a sole proprietorship,it will terminate upon the owner's death.
The overall performance Off the workers Can be impacted After a founder dies.Also,these companies have a 20% lower survival rate two years after the founder,s death compared to similar

 

[Sariana23]

If it can survive, in fact there are companies that are more than 100 years old that still exist since their foundation, the owners have passed away and the relatives and partners have managed to keep the company active, prosperous and with excellent management. Therefore, if the founders pass away, companies can continue to be successful.

 

[shalom]

A business that can't operate without its founder is a business with a deadline. Many businesses suffer after founder's death, and it is often caused by the founder being unable to let go of certain decisions and responsibilities as the business grows. Over dependency is something common in sole proprietorship.

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

A lot of businesses survive after their owners might have kicked the bucket. I have witnessed many anyways.

 

[zahidhussain]

Yes it is very possible for a business to survive after the owner died but it all depends on the person who takes over after the death of the formal owner. If the person is capable of taking care of your business then the business will last long but if the person is not capable of taking care of the business the business might crush

many example are set by son if his father death for example in Pakistan when Abdul sittar edhi died his son take over the foundation and run it successfully so it depend on the care taker who take charge after the owner death to lead success

 

[Bankole]

It's a tricky one but yes it is possible. Business owner who have grown their business to become prosperous on the long run do have plans on many ways the business can continue to flourish beyond their inevitable demise. One of the plan is handing over the business to their bloodline. Some even hand over the business before they die so they can mentor the predecessor

 

[Muhammad Irfan **]

It is surely that business can survive after the death of owner it will be depend on the new owner of the business they grow and struggle hard then then business is grow more

 

[Psalmsavatar]

It's so much possible that a business continues to thrive after the death of the business owner. All that is needed is a proper handling by a good managerial panel, I mean Board of directors.

 

[Aotosyno]

Its possible for a business to survive after the death of the owner but it depends on the people or person handling it.if the person is keen about the progress and success then there will hope for the business and the person should make sure to stand on his ground not to be controlled by any one on how to spend money in negative ways that won't benefit of forfeit the business.

 

[Eodine]

One of the disadvantages of self employed business is that the business may go extinct when the owner dies and there is no one to take the business up but nowadays sole proprietors run their venture as a business so it could be passed down after they are gone.

 

[Psalmsavatar]

Making a business survive after the death of its owner is so much possible once it's being managed by capable hands and professionals under a strict monitoring and legal etiquette.

 

[Makorlly]

It is so possible for a business to survive after owners death, provided the owner has responsible son or daughter or manager to take over or continue the good legacy the the business owner left behind to the keep it running. Sometimes family might be an hindrance, especially if the owner was killed for a reason i.e if it's not normal death.

 

[Dowenship]

It depends on the level at which the business as reached! The crash of a business does not solemnly depends on the owner if it as growned to the point it is well known. At least it had manager that has been taking Care of the business when the owner is still alive.

Post automatically merged: Feb 20, 2021

It depends on the level at which the business as reached! The crash of a business does not solemnly depends on the owner if it as growned to the point it is well known. At least it had manager that has been taking Care of the business when the owner is still alive.

 

[Bagg victor]

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.

 

[Sammyesx]

It is very possible, there are some businesses that have been pass on from father to their children. The person taking over should have been in the business for year, and posseses sufficient knowledge about every part of the business.

 

[FreshKaz11]

A business that can't operate without its founder is a business with a deadline. Many businesses suffer after founder's death, and it is often caused by the founder being unable to let go of certain decisions and responsibilities as the business grows. Over dependency is something common in sole proprietorship.

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

I believe if is possible for a business to survive after the owner of it passed on. If only the business is well manage by a good manager before the owner passed on in life. So I will always suggest to employ the best of the best while you are still alive, because we don't know what the future will be. So it is possible for business to survive after the owner passed on.

 

[McChris]

Yes of course it is possible because if you can do the business well I the owner of the business tranined one of the son to the level of handily the business then the business will be growing without any problem and you can move forward if you have the plan for your business