Leaving a Legacy For Your Business

Part of owning and running a business is facing

the fact that, eventually, you will no longer be

there for your company. If your business is

successful, you will one day be leaving it to

someone else, whom you hope will run it with the

same success that you have had. If something were

to happen to you right this moment, what kind of

legacy would you leave your business?

Would your company be able to take your plans

and your dream and make them a reality?

Would the impact you had be able to keep your

business running successfully? You want your

business to continue in the successful path that

you lay out. Here are some tips for leaving a legacy

for your business.

There are a couple of questions you must ask

yourself. Each of these questions will give you an

answer that is going to change how you react and

what action you need to take. It is important that

you consider this carefully since your legacy and

your business will depend on the actions you take

now.

1. Have I hired employees who genuinely care for my

business? Part of leaving a legacy means that you leave

a part of yourself in the employees who are left to run

your company. Make sure that you choose at least a

couple of workers who invest themselves in your

business at least to an extent in the same way you have.

If you leave your business to employees who are not

invested, then they could either sell your company or

close it completely.

2. What am I working toward in my company? If you

have no real goal or no real vision for your company,

then you may be just spinning your wheels. Are you

working simply to get by, or are you working because

you care? If you are just getting by with no clear goal or

dream, then most likely, that is what you will pass along

in your business.

You have a choice. Either you can give your company

meaning, or you can leave it empty. This choice will

directly impact the legacy that you leave.

Of course, you hope that it will be many, many

years before you ever have to leave your

business in another's hands. However, you must

think about your legacy now so that you can work

to create the one you want. Legacies do not just

happen. Since the fate of your business is up to

question, make sure you construct the legacy you

want to leave.