Can the Business Go On Without You?

What would happen to—or within—your company if something were suddenly to happen to you? Could a sudden loss of your leadership possibly cause your business to fail? Could it have a significant effect on your company’s ability to maintain financing? What would happen to your company’s customer and vendor relationships? Could your company suddenly experience an internal power struggle, employee turnover, lack of direction, begin to lose money? Will successor management be able to take over at a moment’s notice or will an unprepared successor be thrust into the leadership position prematurely? These are questions that need to be considered because even vigorous and profitable companies quickly change when their leader is no longer present.