Instructions: Please Define the Following Key Terms

question 23

Short Answer

Instructions: Please define the following key terms.Show Who? What? Where? When? Why Important?
-Avignon

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Definitions:

Angel Investors

Wealthy individuals who provide capital for a business start-up, usually in exchange for convertible debt or ownership equity.

Succession Problem

The succession problem is the issue of who will run the business when the current head leaves.

Family Businesses

Family businesses are owned and controlled by family members.

Succession Plans

Defined strategies or processes for identifying and developing new leaders who can replace old leaders when they leave, retire, or pass away.