New Owners Boost Sequim-Dungeness Business Growth and Community Jobs

The Sequim-Dungeness area has experienced an influx of new business owners who bring optimism and a drive to grow the local economy through job creation and community support, especially by encouraging shoppers to buy locally. This spirit of entrepreneurship is critical as business owners navigate challenges while fostering a sense of community, as exemplified by local eateries celebrating milestones and adapting to customer needs. Succession planning remains a vital concern for business owners, with an estimated $84 trillion poised to transfer to heirs in the next two decades, yet many businesses fail due to a lack of readiness and planning. Successful transitions require early engagement with the next generation, clear governance, and integrated strategies to protect both wealth and control, ensuring the preservation of values and leadership. Moreover, strong relationships in business—rooted in trust and mutual respect—are essential for sustained growth, loyalty, and resilience, highlighting the importance of investing in people both inside and outside one’s organization. Overall, the focus on community, thoughtful succession, and relationship-building forms the backbone of enduring business success.