Basically, many small business owners we encounter are basically the only owner of their particular business. What we really want to impress upon those particular business owners are, if you’re the only one that has the ability to sign checks, do payroll, administrate your operations, et cetera and so on, it becomes critical that you set up an operating procedure whereby people within your organization or maybe outside of your company can take over the operations on a temporary basis if you happen to have a long-term illness or incapacity that needs to be addressed or ultimately, if you do pass on while you’re still the business owner and it is still an ongoing concern and doing well, we do have to have some kind of written documentation in place on what it is that you want to do, how you want to implement it, and how you can give guidance and support to the people that you leave behind in order for them to be able to continue to operate your business.
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