Business Continuation Essentials for the “Solo Entrepreneur”
Written for the friends of Pat Flynn and the Smart Passive Income community.
When people like Steve Jobs die, we expect large organizations to have a plan for their succession.
Apple did, making the transition from Jobs to Tim Cook as new CEO, seamless.
But what about business owners like Pat Flynn who have no partners or employees?
How can the “solo entrepreneur” plan for business continuation when no one is being groomed to take over the reins?
In this article, we’ll discuss why even a single man (or woman) operation needs a succession plan, and a few practical ways to create one.
I wrote this as a resource for Pat’s “solo entrepreneur” followers. For our readers with larger businesses, please see Succession Planning for Businesses.