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

[kayode10]

Most often business go into Extinction when the real owner is dead. The reason is that they are the one that establish the value for the company. And when somebody else take over, business might likely to go astray once it is out of track. This can only happen if the owner does not change or find a successor for him or herself.

Post automatically merged: Mar 8, 2021

Most often business go into Extinction when the real owner is dead. The reason is that they are the one that establish the value for the company. And when somebody else take over, business might likely to go astray once it is out of track. This can only happen if the owner does not change or find a successor for him or herself.

 

[Adasun]

Very much yes,but it boils down to whom handle the business there after.they are ways the deceased must have related with his customers.juts know his module operandi and things would go fine.

 

[GoldenLady]

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?

It depends on how the business was run previously. It also depends on the competencies if the individual (s) that are taking over.

I've seen business that either crashed on survived depending on this.

 

[Princeeffiong]

Absolutely a business can progress even after the demise of the owner. All that is needed to be done is to follow the steps and ways the owner has been doing or running the business. Trying to deviate from what they owner has been doing will crash the business.

 

[Good-Person]

The possibility for a business to survive when the real owner is no more is very slim, the only way most business survive like that is when the owner son is already or almost in charge of everything before the Das death.

Not many people take the business seriously after the owner dies. However, I have seen that majority of the people do indeed take the business seriosuly because they need to feed themselves and their family, so they take the charge of the business and try to run. A serious person would take the business seriously.

 

[maventiger]

It depends on how the business was run previously. It also depends on the competencies if the individual (s) that are taking over.

I've seen business that either crashed on survived depending on this.

@GoldenLady I agree with you in totality. The ability of the business to survive depends on the ability of the person(s) taking over the business. Also, enterprise owned by individuals now survives transition from one owner to another because of the level of awareness and preparedness of such a time.

 

[Daniel52]

If the company is a big one with a lot of shareholders there is a high probability it would survive after the CEO death. There are some owners that would have willed there property to there children before death, so the business won't perish.

 

[Simpley]

It is actually possible for a business to survive after thee owner is dead If the company is a big one with a lot of shareholders there is a high probability it would survive after the CEO death. There are some owners that would have willed there property to there children before death, so the business won't perish.

 

[Deebabs123]

It's quite possible for the business to be successful it's just depend on who to take over the business, the owner also start from somewhere before his dealth so another person can manage it to higher place he can even seek advice from the co-workers of the business.

 

[Sprite1950]

I think a family business is more likely to survive where other members of the family have been nvolved from the start because they would know it inside out. If a person was serious about keeping the business going after their death I think they would make sure it could be taken over by someone reliable. If a death is unexpected and there is no one else to take over then it will probably fail.

 

[Bangiszz]

Yes it's very possible for business to survive after it owners death, especially If it's a large scale business, some might be inherited and the heir will continue to manage the business.

 

[Victor001]

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?

The foundation of a business to some extent affects the longetivity of the business, a bisiness can strive without the owner as long as the policy is strong

 

[Psalmseen]

Business survival after owner's death depends on the kind of business. In a sole proprietorship, most cases, once the owner dies, the business dies as well. But in partnership business, the death of a partner may not lead the end of the business

 

[Akinwale701]

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?

Sure, a lot of businesses still continue to survive after the death of the owner. For example, banks and other businesses but such business are based on public limited liability which means they will still continue to operate even when the owners die.

 

[Nomad]

Business will survive even after the owner's death, even if the business is sole ownership. There will always have a heir, possibly his son or a daughter who will continue the business.

 

[Damscooguns73]

Concerning if it is possible for a business to survive after owner's death. Well, it is very possible for a business to flourish,survive and even succeed after owner's death, depending on the type of business,if the person that is taking over is responsible, capable and knowledgeable about the business, then there is every tendency that the business is going to survive

 

[Sariana23]

I think a family business is more likely to survive where other members of the family have been nvolved from the start because they would know it inside out. If a person was serious about keeping the business going after their death I think they would make sure it could be taken over by someone reliable. If a death is unexpected and there is no one else to take over then it will probably fail.

Your words are full of wisdom! I come from a family of traders, in a business there is always a second person acquiring knowledge, you don't know how and when the owner may die, so there must be a person ready to take over if necessary.

 

[Abbeyola]

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?

Yes, it is possible for a business organization to survive, after death of the owner, it is just getting good hands to manage the business organization.

 

[tyrim88]

A business can actually survive after the demise of the founder.Most founder of organisation often fail to put up succession plan in place for continuty after their exit,reason for the collasped of the firm.Delibrate succession plan by placing commited and trustworthy persons with the companies vision at hearth should be a priority.

 

[Setfragil]

It depends on the type of business. If it is a one man business it is possible for the business to collapsed after the death of the owner of the business but if it is a big business with the necessary documents and planning the business will still survive without the presence of the owner.