Can Your Business Run Without You?

What would happen if you decided to take an extended vacation? Would you still have the same business results when you returned?

I met a business owner recently who told me an interesting story. His business was 15 years old and he had approximately 50 employees. A couple of years ago, he decided to take a vacation to Europe for a month. After all, his business had turned a profit every month for 13 years. He deserved it.

Off he went to enjoy the fruits of his many years of labor. He had a grand time knowing all was well back home. But on his return, he discovered all was not well. For the first time in 13 years his company lost money while he was gone.

How could that be? He had 50 employees to keep things going while he was gone. Why did he lose money?

The sad truth is that even though he had many employees to accomplish the work of his business, he was such an integral part of everything that got done that the business couldn't run without him.

Think about it. Can your business run without you?

Whether you're currently a business of one or 100, now is not too soon to make sure it will. Identify the steps you can take to help your business be successful whether you're sitting in your office or relaxing several thousand miles away.

Denise O'Berry helps small business owners identify and execute the steps to grow their business. Visit http://www.smallbiz-bootcamp.com for small business building tools.

In The News:

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HCC Small Business Center to offer free QuickBooks series  The MountaineerThe Haywood Community College Small Business Center will offer a free five-part QuickBooks Series for the small business owner. It will be held Friday, Dec.
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Small Business Spotlight: Lutunji's Palate | MN Spokesman-Recorder | MSR News Online  MSR News OnlineLutunji Abram, M.A. has always had a sweet tooth but never thought baking would become her business.
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Greenville competition offering small business grant  WITNHere's your chance to qualify for a grant if you have a dream of opening or expanding a small business in Greenville.
This Toronto Raptor made his small business a dream come true (and you can too)  Daily HiveAmerican basketball player CJ Miles has gone on to create his own collection of pajamas alongside his Toronto Raptors career.
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Amazon India announces Dec 16 as 'Small Business Day' to facilitate small entrepreneurs  Knn IndiaIn an attempt to give marketing platform to small businesses in India, Amazon India has announced December 16, 2018 as 'Small Business Day'.
How To Grow A Small NY Business Organically  ForbesWhen you're growing a small business, there are so many tasks you need to concentrate on, it can be hard to know how to prioritize your to-do list. Six members ...
Employee well-being is an important small business priority  Washington PostA healthy workforce is an asset for small businesses. When employees feel healthy and supported, everyone benefits. (Partner *content*)
Thanks for the $2 billion for small-business expansion; now all we need are plans to expand  The Conversation AUSimply providing more money will not accelerate the growth of small and medium-sized enterprises.
10 Lessons to Help You Avoid Common Business Mistakes  Small Business TrendsThere's no way to completely avoid mistakes when running a business. But there are ways to avoid common mistakes. If you pay attention and learn from others ...
Scottish Budget 2018: what it means for small businesses  Simply Business knowledgeThe Scottish Budget 2018 on 12 December had some key announcements for small businesses – here's what Finance Secretary Derek Mackay unveiled.
What Challenges Keep Small Business Owners up at Night?  Business.comWhat are small-to-midsized business owners worried about? And what are the things they should be worried about but may not be? Here are three common ...
Card fees still a headache as tap-and-go changes wait until 2019  The Sydney Morning HeraldThe big banks' transition to 'least cost' processing won't be finished until next year.
Louisiana tax ruled unconstitutional collected $70M from small business owners  Greater Baton Rouge Business Report(Note: This story has been updated since its original publication.) A court ruling last week means Louisiana residents, also doing business in Texas, who were ...
Telstra launches revamp of services for small business  iTWireTelstra has unveiled a major revamp of its support for Australian small businesses, including a new mobile and tablet plan with no lock-in contract an...
how to read financial statements you'll need for your small business  Small Business TrendsKnowing how to read financial statements will help you understand how your small business is doing. Here's some tips to get you started.
Microsoft Is Moving To A Chrome Browser...And Other Small Business Tech News This Week  ForbesHere are five things in technology that happened this past week and how they affect your business. Did you miss them? 1 — Microsoft is building its own Chrome ...
The 25 best small companies to work for, according to employees  Business InsiderThese are the 25 best small companies to work for in 2019, according to employees. All companies on the list have fewer than 1000 employees.
Small Business Saturday isn't a novelty anymore – independent retailers depend on it  CNBCSmall Business Saturday, now in its ninth year, is sponsored by American Express and encourages consumers to get out and shop "small" supporting local ...
Small Business Saturday by the numbers: 67 million expected to shop, $85 billion spent  CNBCAmerican Express launched the holiday in 2010 as a way to help small business owners recover from the recession.
Rep. Cathy McMorris Rodgers small-business bill gets Senate OK, heads to President Trump’s desk  The Spokesman-ReviewU.S. Rep. Cathy McMorris Rodgers is closing a historically productive session in Congress with the planned signing of a bill she sponsored intended to bring ...
Senators Call for Ban on Tactics That Devastate Small Businesses  Washington PostTwo U.S. senators are seeking to outlaw a legal tactic that predatory lenders have frequently used to seize money from small businesses.
Massive fake review attack has big impact on small businesses  Search Engine LandThe Local SEO community was recently plagued with a massive fake review attack that impacted small businesses globally. A collection of 37 profiles left over 3 ...
Exclusive: Startup Raises $35 Million To Make 401(k) Fees Cheaper  ForbesIf you work at a big company, access to a 401(k) retirement plan is a given. But only about half of U.S. small businesses offer them. Silicon Valley startup ...
Protect Small Businesses From Predatory Lending  BloombergIf you knew what you were doing, would you sign a contract allowing a company to sue you and take your money whenever it wanted, with no proof, warning or ...
LinkedIn Pages Relaunched with New Features for Businesses  Small Business TrendsLinkedIn Pages is the recently introduced “next generation” of LinkedIn Company Pages. Here's what they're all about and how you can make them work for you.
5 Top Tech Trends Influencing the Future of Your Small Business…  Atlanta Small Business NetworkIf you want to be sure your small business isn't made redundant by technology, it is imperative you understand trends influencing the future of business.
What Is Small Business Saturday? How AmEx's Post-Recession Initiative Found Its Place in the Thanksgiving Retail Rush  FortuneWith Black Friday and Cyber Monday, major U.S. retailers have succeeded in driving consumption around the holidays by offering irresistible deals and ...
US Small-Business Owners' Optimism Reaches New Heights  GallupThe Wells Fargo/Gallup Small Business Index finds optimism among small-business owners, improving upon the record high set last quarter.
I'm a champion of small business – but I hate Small Business Saturday  The GuardianThe annual US celebration of small businesses is demeaning. If we're good at what we do, we don't need acts of charity.
A Look at Competition in Business Urges Us to Think Small  The New York TimesIn “The Curse of Bigness: Antitrust in the New Gilded Age,” Tim Wu argues for busting up big businesses into smaller parts, and shows how it was once a ...
Filing deadlines extended for disaster unemployment aid, small business emergency loans  WTXL ABC 27TALLAHASSEE, Fla. (WTXL) - The Florida Department of Economic Opportunity has extended the application deadlines for both Disaster Unemployment ...
Traders' body slam CII for suggesting 100% FDI in multi-brand retail  Economic TimesCII said the govt should consider permitting 100 per cent FDI in multi-brand retail trade and further improve ease of doing business for the sector to promote ...
Marketing strategies that can help small businesses succeed  Economic TimesIn the digital marketing world, continuous innovation and consistency by MSMEs are required as no one knows which combination of strategies will click.
Small businesses struggle to find workers  Marketplace APMÉlan Flowers in Manhattan's Soho neighborhood is a sea of roses and ribbon. Christine Hall, who owns the shop with her husband Patrick, says a good bouquet ...
Iwoca connects to Barclays and HSBC under open banking  Independent.ieSmall business lender iwoca has connected to Barclays and HSBC under new Open Banking regulation, aimed at tackling the oligopoly held by traditional high ...
Concerns on credit supply to small businesses a myth: SBI report  Times of IndiaIndia Business News: The commentary comes amid concerns on the state of small businesses sector post-GST, which also led the Reserve Bank of India (RBI) ...
The Definitive Office Supplies Checklist for Small Businesses  Small Business TrendsYou don't have the time to run back and forth to the office store. Use our office supplies checklist to make sure you get what you need the first time.
Amazon has helped this Ann Arbor small business thrive  MLive.comAnn Arbor T-shirt Company expects to sell about 700000 items through Amazon this year, which accounts for about 75 percent of their business.
Ethical gifts: let your money work for a small business  The GuardianEntrepreneurs in troubled countries can struggle to find funding – but you can help.
APRA backs small business growth fund led by NAB  The Sydney Morning HeraldA meeting of banking and government heavyweights in Canberra on Thursday has kicked off the government's Business Growth Fund.
Here are the expectations for Small Business Saturday  CNBCCNBC's Kate Rogers reports on how small businesses are preparing for Small Business Saturday and expectations for the day.
Edward Kelly puts career earnings into good use by putting up small business in Baguio  ABS-CBN NewsFilipino mixed martial artist Edward Kelly has put his earnings to good use by putting up a small business in Baguio City.
Small Businesses Lose $80K on Average to Cybercrime Annually  Small Business TrendsCyber attacks against your business are getting more costly. Here are some tips to help keep the likelihood, and thus the cost of a cyber attack, down.
How AI Can Help Small Business Solve Big Problems  [email protected]Artificial intelligence and data analytics can help self-employed and small business owners manage their finances better, says Ashok Srivastava, Intuit's chief ...
Tax-Free Shopping? How One State Is Celebrating Small Business Saturday 2018  FortuneNew Mexico Gov. Susana Martinez announced a tax holiday Small Business Saturday on Nov. 24 for businesses with 10 employees or fewer.

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