Ep126: Key Person Risk - The Silent Killer in Your Business

If your business falls apart when one person leaves, you've got key person risk. And it's more common than you think.In this episode, Matt breaks down what key person risk actually is, why most founders don't see it until it's too late, and what to do about it.Here's what gets covered:What key person risk is and how it quietly builds up in your business until someone quits or goes on leave and everything lands back on you.Real examples from an allied health practice, a property styling business and a cafe, all dealing with the same problem in different ways.Why it's not a people problem. It's a systems problem. And how to start fixing it by documenting roles so the business doesn't depend on any one person.The order to fire yourself from roles, starting with admin, then delivery, and why sales and marketing should be the last thing you hand off.If your team can't run without you, this one's worth a listen.Find out how to get 20 hours/week back - https://leveragedceo.com.au/getyourtimeback