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

[eLdavis]

yes it is very possible for a business to survive after the publisher death ,but its depend on the kind of person that takes over the business ,if he is a good and successful man I think he can handle the business.

That's true, like some time back I heard a story about a business owner who passed his business to his son before his death, the business was actually doing very well but after change of ownership, things changed, the son could not run the business and ended up selling it off.

 

[Immilash]

That's true, like some time back I heard a story about a business owner who passed his business to his son before his death, the business was actually doing very well but after change of ownership, things changed, the son could not run the business and ended up selling it off.

that's the problem of the people in our generation,they can't take good care of a business,but they prefer to sell it ,and latter on come back to square zero having nothing ,selling a business is not a good idea.

 

[eLdavis]

that's the problem of the people in our generation,they can't take good care of a business,but they prefer to sell it ,and latter on come back to square zero having nothing ,selling a business is not a good idea.

You have said it all. Majority of us from this generation do not have that patience to keep on trying and trying. We tend to find easy ways round our problems be it in business or our personal life, instead of fighting it out to get a better solution.

 

[Immilash]

You have said it all. Majority of us from this generation do not have that patience to keep on trying and trying. We tend to find easy ways round our problems be it in business or our personal life, instead of fighting it out to get a better solution.

factual statement, we lack patience,which its not meant to be so, ,patience is supposed to be practice in our day to day activities,
everyone wants the best ,you cannot have the best by selling a business ,that's very bad

 

[Tolumi]

There are lot of businesses that has outlived the founder but that does not dispel the fact that most businesses will never outlived their owners. I think having a great growth and succession structure is key.

 

[Setho]

So many businesses are now surviving even after the owner's death. All the family have to do is to ensure that the business is being given to somebody who is capable.

 

[JoeTom]

A business can possibly survive after the owner's death. That is to say depending on the structure he laid afore time. There are businesses that once the owner dies the business follows same.

 

[eLdavis]

The painful part about all these is that most are aware how wrong it is to sell fake or bad products but because of the greed instant and more wealth they have killed their conscience and they do what ever they like.

 

[Solutionav]

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?

Well it depends on the kind of business and the successor, if the person really have passion for the business and his diligence I think it can be successful and grow

 

[Yudi898]

Yes, it very possible to some extent that is if the next person in charge understands the affairs of the company and is liable to keep it up to standard

 

[Sotherefore]

Yes it is possible that a business can survive even after the death of the original owner but this will be determined by the arrangement that has been done between the death and the family member and who will carry on the Business.

 

[Yhubee]

Yes, if the business is handed to a successor who shares the same vision as the real owner of the business. It needs one who is not self centered and committed to doing the right thing.

 

[eLdavis]

Yes, if the business is handed to a successor who shares the same vision as the real owner of the business. It needs one who is not self centered and committed to doing the right thing.

This is just the issue, this is exactly why most business owners tend to want their kids to also go into the system as well, they teach them all there is to know about the business, so when they are not around they can handle it well.

 

[Tislad]

Businesses survive after the owner is no more if he lays down the foundation before his dies coca cola is still operating and still a strong name round the world the founder is dead long long ago.

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?

 

[Ceeny007]

It is very possible for a business to survive after the owners death and possibly thrive far more better than when the owner was alive

 

[Stnicholaz]

Except the business is a small business sole operated by the owner. Such business rarely survive after the death of the owner. But it is a very business or company that is well structure with shareholders and investors. Will definitely flourish without the presence of the owner death or alive.

 

[joy101]

I think the business can survive if actually the owner is no longer there if the person in charge is capable to handle it, that is only reason that the business can be able to survive.

 

[Maayong]

Following the death of somebody in joint business ownership, the partnership will naturally dissolve. The portion of the business belonging to the deceased can then be bought by the remaining partner. If this isn't financially viable for them, the portion of the business can potentially be bought by somebody else.

 

[Nsisong]

It is very hard for a sole proprietorship business to survive after the dead of the owner but if it's a partnership business it can survive or if the owner of the business had children that can run the business when he dies then the business can survive.

 

[Ralphjoe]

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?

There are a lot of businesses that has survived even when their owners have died for centuries now and most of them are conglomerate and in corporations that has spanned centuries to stop the recent company that the very read about is a company in Nigeria known as NASCO group of company whereby it founder wield the company to his son which the company is still very much in business and going strong.