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Leadership & Growth 7 min Aug 19, 2024

Succession Planning: Building Key-Person Resilience in Lean Teams

Author: Marcus Vance (Wharton MBA) Fact-Checked & Reviewed

If your business stalls when one person goes on vacation, you have a structural bottleneck. Document critical roles and train secondary owners.

The Bus Factor Test

Ask yourself: if a senior team member were unavailable for 30 days, what processes would break? Build SOPs to mitigate those risks today.

MV

Written by Marcus Vance

Wharton MBA alumni, business strategist, and author at SuccessInformatics.