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3 factors to consider when choosing business successors

Because many New Jersey business owners often look at their companies as an important part of their lives that they took the time to create, it can feel strange to think about handing the business off to another person. Even though you may wish you could continue running your company until it closes its doors, that may not be a feasible hope. If you want your company to continue to thrive, you may want to carefully think about business succession.

Don't terminate potential future opportunities if you get fired

Whether you've been employed at the same New Jersey company for a while or you have barely had a chance to settle in and get to know your co-workers, losing a job is never easy. The former is often more challenging than the latter since the longer you spend at a certain place, the more likely you are to be emotionally attached as well. Just because you lose a job, however, doesn't mean life will be all downhill from there.

When the boss doesn't play fair

The law protects New Jersey workers from various forms of discrimination in the workplace. Perhaps you've heard stories of people whose bosses wrongfully terminated their positions for one reason or another. For instance, more than one woman wound up losing her job just after telling her boss she was pregnant. Others say they were only trying to protect the community at large when they reported safety violations to the appropriate officials, only to later learn their positions had suddenly been made obsolete.

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