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Article: Startups Need Succession Plans, Even If Children Won’t Inherit Business

Article: Startups Need Succession Plans, Even If Children Won’t Inherit Business

“In the tech world, if your business isn’t growing, it’s dying; if you’re not keeping up with current trends, it’s a fast death,” said David Cummings, CEO of Atlanta Tech Village in Buckhead, where 140 companies are now housed. “Think about BlackBerry. Years ago, it was worth $40 billion, then Google came out with the Android phone and the iPhone came out. BlackBerry missed a trend in its market and got obliterated.”

The above quote comes from the article “Leaving a Legacy: Startups Need Succession Plans, Even If Children Won’t Inherit Business,” published on March 7 in the Atlanta Business Chronicle. The article describes the need to feature a detailed succession plan, especially for volatile startups whose future is often uncertain. Click here to view the full article or paste the link below into your browser’s address bar to continue reading:

http://www.bizjournals.com/atlanta/print-edition/2014/03/07/leaving-a-legacy.html?page=all