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

[Castelione]

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 it is, as long as there's someone who's well-trained to take over the business and they have employees anyway. That's why rich people always make sure there's someone else lined up to take over the business or properties, after the owner passed away.

 

[Shigobad20201]

Though the owner death will dealt a huge blow on the company if the owner is actively working but if they can actually gives the command of the business to the right person , then there will be no cause for alarm.

 

[Setho]

It is possible that a business can survive even after the owner of the business has died. The most important thing is that those who are in charge of the business should be able to put it in the hands of capable hands.

 

[RG5]

It's totally depend on type of the business. The business small or big. Generally big business have many partners or shareholders so after owner dies it's survive very easily but problem goes with small business usually a small business or family business will continue if the owner sell to other businessman or inheritance to their own children.

 

[joy101]

Business can survive after the owner is no more if actually a good hand takes over it, but is never an easy something, but the real owner of the business can run more better than other person.

 

[Setho]

Whenever the owner of a business that is it is important that a committee should be set up immediately to handle the business and ensure that it is going to be handed over to a capable and who knows very well about building businesses.

 

[Shigobad20201]

Business can survive after the owner is no more if actually a good hand takes over it, but is never an easy something, but the real owner of the business can run more better than other person.

It can survive (the business ) after the death of the owner only if its been delivered and handed to a better and capable hands that can lead the business successfully

 

[Sincerem]

It depends on the next of kin and who is taking over the business. And also it depends on the business but there's nothing serious here because the business will continue to progress if the managers of the business are ready to make it progressive.

 

[Smiles20]

The death of a business owner does not necessarily have to mean the death of the business as well. The business can be able to survive if they can look for how to get the business into the hands of able hands.

 

[Syldan]

There is 100% assurance that business can survive without the real owner based on the experience I have alot of company have been doing more better expanding more than before after the owners death.

 

[Smiles20]

Heineken has been existing for more than 300 years and it is still a family-owned business up till now so the most important thing is just the measures that people take intentionally to ensure it survives.

 

[Partisan]

Yes a business can still survive even after owners death. I know of some that are still doing exceedingly well even when the owner is no more. It all boils down on the ability of the owner to select reputable and trustworthy employees, also having responsible family members that have the interest of the business at heart.

 

[Godspower]

Yes, it is very possible for such business to survive if there is a committed person to take over. However, most businesses tend to dwindle after the demise of the founder or owner.

 

[Shigobad20201]

One of the main reason why its so hard for a business to continue to survive after the death of the owner is that the new person incharge pfmthe business might be after money and not continuity.

 

[Sotherefore]

One of the main reason why its so hard for a business to continue to survive after the death of the owner is that the new person incharge pfmthe business might be after money and not continuity.

That is true and also it is advised that business of this type should be given to trusted family members. At least the rate of continuity will be very high in this situation.

 

[Syldan]

Well based on my personal experience, I have seen alot of business that have survived and even performing more better than it was during the owner existence. sometimes it depends on the kind of people that will take after them.

 

[Popular]

Yes..it is very much possible for a business to continue to progress after the death of the owner, but the person that will be in good place to handle the business is a member of the family. So that there won't be need to keep changing manager whenever the person who decides to resign.

 

[Good-Person]

Usually, when the owners die, his business is taken over by the siblings or by the children. Sometimes, it is inherited by the wife of the owner and she starts to run the business.

 

[tyrim88]

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

That is the more reason why a business owner should have a succession plan well laid out from the onset,or as the business progreses,because if he wants the legacy to continue after him,he has to be delibrate and intentional about his business.

 

[Godspower]

That is the more reason why a business owner should have a succession plan well laid out from the onset,or as the business progreses,because if he wants the legacy to continue after him,he has to be delibrate and intentional about his business.

This is very true. Most business owners usually include their business in their will to be read after their death. Most times the business is always entrusted to a someone who is very capable.