Bahamian Businesses Need Succession Plans | Bahamas News

Bahamas News Today | 2 Min News | The Daily News Now! · Jul 1, 2026 · 1m

Bahamian business owners are racing against time to plan for leadership transitions—without action, many family-run enterprises risk vanishing entirely. Real estate expert Mario Carey warns that fewer than half of local companies have solid succession plans, jeopardizing both businesses and consumer choices. Compounded by a brain drain, where skilled youth leave for overseas opportunities, even those eager to return face barriers—especially spouses struggling to find work. Carey urges the government to ease spousal permit rules to bring talent back home. He stresses that businesses need ready…