How long would your business survive without you?
How long would your business survive without you?
Author
Discussion

Blakeatron

Original Poster:

2,567 posts

203 months

Monday 10th February 2020
quotequote all
I currently have a great team that can manage most aspects of the business without me.

My main role is customer meet and great, estimates and designs, then the others take over.
My number 2 could probably price and design the easier pieces but nothing of any great size.

If i were to suddenly disappear then i imagine the business would survive for maybe 8-9months completing the agreed work before things got tricky.

Countdown

49,519 posts

226 months

Monday 10th February 2020
quotequote all
Ours would survive forever.

My deputy is excellent, I deliberately delegate as much as I can just in case I decide to leave (and i wouldnt want to leave my boss in the lurch) . We have documented procedures for all the processes including Month End and Year End. We also have a pretty solid competent team below him as well.


So watch it all go tits up tomorrow biggrin

bristolbaron

5,383 posts

242 months

Monday 10th February 2020
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A weekend laugh

sunbeam alpine

7,249 posts

218 months

Monday 10th February 2020
quotequote all
A long time.

I've taken a back seat for about 18 months now, and it's coincided with our best period of growth.

Had I known how much I was holding things back I'd have stopped earlier!

Monkeylegend

29,403 posts

261 months

Monday 10th February 2020
quotequote all
If you are doing your job properly you should have clear succession training and should always be looking for somebody to be able to do your job, albeit maybe on a temporary basis. If you leave for whatever reason the business should then be able to carry on without you with very little or no detrimental affect.

If you have nobody trained or of sufficient ability to do your job you are hindering your own promotion possibilities if you have the ability to go further, and it is a failure in your management responsibilities.

The issue is that often people get very protective of their positions and like to think of themselves as indispensable so see anyone directly below them as a threat to their own position, a rather short sighted viewpoint.

I knew a few managers in my last employed position who loved to come back from holiday with a big list of problems to solve that had arisen while they were away, thinking that more senior management would think they couldn't manage without them.

Nobody is indispensable, and those that think they are, are likely to be veiling themselves in a false sense of security.

Edited by Monkeylegend on Monday 10th February 20:38

slipstream 1985

13,778 posts

209 months

Monday 10th February 2020
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If you are truely good at your job you ironially make yourself replaceable.

okenemem

1,493 posts

224 months

Wednesday 12th February 2020
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i guess you will never really know , nobody loves your business the way you do

Mr_Megalomaniac

1,288 posts

96 months

Wednesday 12th February 2020
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sunbeam alpine said:
A long time.

I've taken a back seat for about 18 months now, and it's coincided with our best period of growth.

Had I known how much I was holding things back I'd have stopped earlier!
It's surprising how often I see this. Reminds me of my first consulting company too, great guy started it and ran it. Grew from 6 people to 85. Then he finally, after 13 years, took some time off and delegated it to his 5 directors (same ones who were part of the 6) and over the 3 months he was away the business thrived. He learnt the lesson, and delegated more operations of the company to them, with more trust. They're now 250 people and more profitable than ever.

Tragically though he had to sell his AMG GT. To make space for his California.

dalenorth

930 posts

197 months

Wednesday 12th February 2020
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We deal with many clients with this very predicament.

Business protection, such as keyman, shareholder protection can help with the burden.


Eatpies99

199 posts

84 months

Thursday 13th February 2020
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okenemem said:
i guess you will never really know , nobody loves your business the way you do
This

davidd

6,718 posts

314 months

Thursday 13th February 2020
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If I or my business partner went the business would be fine (a level of pain but fine).

If we both went it would be shagged.

menguin

3,781 posts

251 months

Thursday 13th February 2020
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Eatpies99 said:
okenemem said:
i guess you will never really know , nobody loves your business the way you do
This
Unsurprising - typically, they also don't own it the way you do biggrin

PushedDover

7,606 posts

83 months

Thursday 13th February 2020
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Interesting and agreeable thread.
Looking at the IR35 one, it seems that all contractors believe the businesses they work in will collapse immediately once they pull up in protest.


I agree with the consensus here. Businesses manage.

iphonedyou

10,421 posts

187 months

Thursday 13th February 2020
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Mine would last a few weeks without I or my business partner.

But we took on a failing operation and have essentially just finished a turnaround. As we move through the investment and growth phases we're putting in place measures to allow it to function without our constant, direct involvement.

If I'm not here in three years saying it would run for a year without us, something hasn't gone to plan!

andy_s

19,856 posts

289 months

Thursday 13th February 2020
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When William Randolph Hearst asked his editor why he wasn't taking his holiday he replied: "I am afraid that if I am absent for a couple of weeks the sales of the newspaper would fall; but I am even more afraid that in spite of my absence, the sales would not fall!"