As business owners, we sacrifice a lot to keep our
businesses alive and growing. For many
of us this is our only means of supporting our families.
So, one day 8 year old son asked could he
take over my business one day. I said
yes, as would any other parent. But, then
it got me to really thinking. What do I
really need to do to make sure my business continues to live on after me?
This is one of the main reasons why, I keep reflecting back
to setting up your business properly, because you could possibly face that
situation to where at the last minute, you’re wondering, how or will your
business survive. Many of us don’t think
about this until we’re hit with an unfortunate situation. Such as a business
partner deciding to become our competitor, filing for a divorce that could
damage the company, or even worse the sudden loss of the CEO of the company.
The reality is this, if you’re going to start a business set
it up the proper way, so your love ones will continue to have a physical piece
of you. Not just memories.
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