Today and on future Wednesday’s I will be asking you, as business owners, questions that are designed to encourage conversation. The idea is to share with each other helpful suggestions and possibly answers to the things we all face with our businesses. First, the question, and then I will provide details about why I am asking.

As a small business owner what happens to your business if something happens to you?

More details. . .

A little over two years ago I started a group on LinkedIn called the North Shore Entrepreneurial Network (NSEN). The original purpose of the group was to get a small group of my friends out to network, drink coffee and help each other with our respective businesses. Today we have 479 members. We meet once a month on the second Tuesday, network and have three speakers that present in a speed format.

A reoccurring discussion amongst our members is “what happens to my business if something happens to me?” Many of us are small business owners with very few employees (or we operate independently). If something would happen that takes us away from the office for an extended period of time (vacation, health problems, etc.) who would be the person able to assume the responsibility of running the company? Would one of our employees be able to handle the business in our absence? Could a friend or business colleague take over? Would my spouse know what my business does, how it operates, how to contact clients, how to handle everything related to my business?

We often avoid the question because we don’t want to consider the fact that we actually might not be immortal or superhuman. So I will ask the question again, this time in a slightly different way. . .What have you done to safeguard your business if you can’t be the person running it?

Time for your answers. . .Share your wisdom here and we will all be better prepared for our future!

Have a suggestion for a future question? Email me at

Erik Hultman (a.k.a. E) is the Founder and President of ÜberBlueDM, Inc., specializing in Social Media Solutions and Social Media Staffing Solutions for businesses to build their social media success.

If you’re not completely satisfied with your Social Media program or solution it’s time for a change! Give us a call! But don’t just make a change for the sake of change. Understand why it makes sense first. Questions? Send me a note at or call me at (847) 498-5494. Thank you for referring us to a friend.

  1. Mark Grant says:

    Great, thoughtful question. Planning for succession has to be a top concern for small business.

  2. erikhultman says:

    Thanks Mark. Is there a short list that you recommend for small business owners to consider as they get started with Planning for Succession?

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