There's always tomorrow .
Tomorrow is another day .
Live in the moment . These are just a few cliches that we often cling to, thinking they provide us with a good excuse for procrastination. But if you're the owner of a business, and you have never put pen to paper to detail your plan for the company when you retire, sell, or in the event of an accident, think again. Succession planning is the most important tool you have to ensure your company's future and to maximize its value. With some forethought and planning, you can pave the way for a smooth transition of ownership and management.