You've built your business for the last 30+ years. You've hired employees, seen revenue growth, gotten yourself established in the community, and are trusted by many to deliver on your value. You have a good chunk of money in your bank account, your kids are off to college (or are thinking about going to work in the family business), and you even got to take a recent vacation with your wife to that tropical getaway she's been asking to visit all these years.
Everything seems to be going well. Until…
A text comes in at 1 a.m. “I told you to put that ringer on silent! We're on vacation!” your wife cries out after you both leap up from the bed.
“OK, OK, I promise to turn it off from now on. Let me just check to make sure it's not an emergency.”
Work beckons.
It's all too common to feel like you can't fully sign off from work. Even when you're on vacation enjoying time with loved ones, it's hard to resist the urge to check your phone and email and stay dialed in to what's going on back home.
You instruct your team not to contact you unless it's an absolute emergency. They know you haven't taken much time away in a very long time and that contacting the boss on vacation is not something to take lightly.
Yet the text still comes.
“So what was the all-important text about, anyway?” your wife asks you over breakfast later that morning.
“Um, well, you see, it was work. A large potential client called and demanded to talk to the owner. It could be the biggest client we've ever had.”
“Dear, you're already at work way more than you're at home. You've been pulling 70, 80 hours lately. And your back is not getting any younger…”
“I know, I know, but I am going to slow down in a year or two, I just need to get the right team in place and then I can scale back.”
“I've heard that tale before. You're going to be 65 in a few months! I'll believe it when I see you slow down…”
That promise to slow down in a year or two can stretch on for years. It often does for owners who have spent decades doing the work themselves, especially in the trades and construction industries. They genuinely love what they do. They value a hard day's work and the satisfaction of making their clients' lives better. They don't like to be idle.
And so they don't plan for what life will look like when those grueling 60+ hour workweeks are no longer sustainable.
So many businesses end this way. They simply shut down when the owner can no longer keep going.
This is founder dependency. The classic example is the owner still doing most of the production work and putting in 80 or 90 hours a week. They have a team in place, each working a more typical 40 hours a week. They have people under them who want to grow but fall in line to keep a steady paycheck. They want to be trained as leaders, but the boss is so ingrained in the day to day, he can't see the benefits of developing the people under him.
As a business owner, do you need to wait until the final year to prepare for change? What if you started taking steps to strengthen your business today?
Your kids might be more willing to step into the family business. They might be young now, but in 10 years, they may have families of their own. And they will need to provide for them.
You are a provider now. You put food on the table. You help your kids pursue college or vocational training. You teach them skills they will carry for the rest of their lives.
But what are you doing to teach them leadership, accountability, and respect? Maybe they don't see the value of stepping into the family business now.
Maybe they will choose not to. But building a stronger business gives them the choice, and it strengthens your company regardless of who eventually takes over.
Putting in the effort today will only help your business grow.
Empowering your team to make decisions and trusting them to come through means no more 1 a.m. vacation texts. You can rest easy and even start getting away on weekends.