Presorted Standard
U.S. Postage
PAID
Canton, OH
Permit. 1005
419 W. High Ave
PO Box 1020
New Philadelphia, OH 44663-5120
WWW.REACPA.COM
Investing In Your
Business’s Immortality
HINT: YOU CAN’T DO IT ALONE
G
o ahead. Take pride in all that
you’ve accomplished. Relive the
moment you decided to go into
business and reflect on your trials and
triumphs. And as you reminisce, identify
everyone who helped you achieve your
vision – because chances are you didn’t
get where you are by yourself.
Make no mistake. In business, the
strength of your team directly impacts
your company’s success and overall value. Therefore, it’s never been more important to ensure that your exit from the
company doesn’t lead to a “going out of
business” sale.
Your Company’s Longevity
As a business owner, it’s your responsibility to continually evaluate your business. Part of the evaluation process is
ensuring that the right people are in the
right place to help guide and grow your
company – even when you’re not around.
Whether they move on or retire, eventually every person on your leadership
team will leave, including you. You must
decide what kind of impact this will have
on your company when it happens.
One of the best strategies you can embrace is to become obsolete. That’s not
to say that your work is not important, it
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just means that your team, your business,
does not depend on you for its survival.
Every time you recruit an employee, you
have an opportunity to reinforce your
company’s mission. Do your due diligence to make sure the people you hire
are on board with the company’s vision.
They will continue to set the tone after
you leave, which is why the qualities you
consider when hiring a candidate should
go beyond their education and experience. Anyone you hire must have the
passion to succeed, the capacity to learn
and a personality that helps them easily
overcome complicated situations. From
entry-level to leadership positions, y