Is Your Business Too Dependent On You?

By definition, a small business depends on its owner. Especially if you are its original founder. After all, the business would never have existed without the leap of faith you took to start it in the first place. It wouldn’t have survived it’s early years without the blood, sweat, tears and sacrifices, financial and otherwise, that were made.  Likely it survived and went on to flourish because of some special knowledge and skills you had when you began, or that you developed while building it into the successful enterprise it has become. The value that you brought to the table in the beginning was your company’s most precious asset and is still likely your most valuable asset today.  However, if you are your company’s greatest asset, then you could also very well be its biggest liability.

Owner-centricity can be an obstacle for growth and hurt a company’s value when the time comes to sell.