Can You Take a Vacation Without Calling the Office? If Not, You Need this Plan
When you’re building your business, typically the last thing on your mind is leaving it. So when entrepreneurs ask me, “Isn’t it too early for me to have a succession plan,” my answer is a resounding “No!” That’s because, as an entrepreneur, you juggle several roles at your company—chances are, you’re not only involved in management, but also in sales and marketing, HR, accounting, and any other function your company happens to need on a given day. As a key employee, you should be asking (and if you don’t, your investors will): What would happen to the company if something were to happen to you?