NISBCO Empowering Small Business Communities Nationwide

NISBCO

Empowering Small Business Communities Nationwide

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The Leadership Handoff: Why Small Business Succession Is Failing the Next Generation of Entrepreneurs
Leadership & Strategy

The Leadership Handoff: Why Small Business Succession Is Failing the Next Generation of Entrepreneurs

A quiet crisis is unfolding in America's small business community as an entire generation of established owners approaches retirement without adequate succession plans or mentorship infrastructure in place. The gap between the leadership knowledge held by experienced entrepreneurs and the guidance available to millennial and Gen Z business owners is widening at a moment when it can least afford to. This piece examines why professional organizations must step forward to fill the void.