Who Can Manage Your Business in Your Place If You Get Run Over by a Bus Tomorrow?
A business is a commercial entity that operates smoothly and generates profit, even without its owner at the helm.
If your commercial activities fit this definition, we can say you have a business.
As you can understand from the definition, for your business to run smoothly and generate profit without you, it first needs to grow and reach a level of maturity where it can sustain itself independently.
For this to be possible, you need to step back.
Just like you need to let go of your child’s hand so they can stand on their own in life. If they constantly rely on your support, they will never be able to walk on their own. And if they can’t walk on their own, there’s no way they can run.
The biggest mistake made by valuable SME owners is creating a business that depends on them, much like a salaried job, rather than building a business.
The sales and profit you desire from your business can only be generated with the right strategy, a team that executes it well, and a cash flow that remains consistently strong.
As you can imagine, it is not possible for just one person to manage all of this.
One of the most common complaints we hear from SME owners is this:
“I didn’t go to the company for one day, and everything went haywire. All the work came to a halt, meetings were missed, orders weren’t processed. If I’m not there, this company will close tomorrow!”
If this statement sounds familiar to you, put aside growing your SME, as its bankruptcy or closure is imminent.
Behind the success of large companies lies the effective risk management mechanisms they implement.
The opening question in risk management meetings in large companies is:
“If Mr./Ms. … (they refer to a key team member or manager) were hit by a bus tomorrow and could no longer come to work, who and how would we distribute their tasks?”
This is the fundamental question every company must be prepared to answer in risk management.
Now, our question to you is this:
If you were hit by a bus tomorrow, who could manage your company in your place?
Once you find the answer to this question, rest assured that your SME, which may seem small to you today, will rise to the ranks of large businesses!
We are working for your prosperity and for you to leave your business with a full pocket.
Scale and Exit Your SME!