Your Business: Your Legacy

I was screening applicants for various posts, this morning, when I encountered an applicant who motivated me to market the services of Trainingph, more.

As I talk to the applicant, I was hoping I can help him because he is unemployed and is already in the late 40’s.  As I go through his resume, his previous job was with a company that carries his surname.  So, I asked him if that is his business.

“No,” he answered.  “It is my uncle’s,” he mumbled.

Then I asked him, “Why did you leave that company?”

“The business closed down, because my uncle died.” he answered.

 

This is a good example of businesses not structured to build a legacy.  When building a business, you should first setup processes that will duplicate your strengths and bridge your weaknesses.

How are you going to do that?

  1. Hire the right people and continuously develop them
  2. Develop a system that will allow your business to continuously operate without you

These may seem easy but these need a lot of expertise to execute.

If you are new to business, or you haven’t tried both, the first thing you should do is talk to experienced business people or engage consultants and experts who can share with you best practices and help you setup your business and your legacy.