Why Legacy Planning Is a Non-Negotiable for Entrepreneurs

How many entrepreneurs do I speak to who don’t even have a will in place? Too many. And yet, even fewer have a LEGACY PLAN for their company. If you own a business, you cannot afford to have all your effort vanish if you’re not around tomorrow. The uncomfortable truth? A significant number of business owners are the sole breadwinners for their families. If something suddenly happens to you and your business isn’t systemised to run without you, what happens? Collapse. Chaos. Lost income, lost dreams.

Think Beyond the Cash Out: Will Your Legacy End With You?

Maybe you think a will is enough. Maybe your plan is that your shares will transfer or your family gets an insurance payout. But what if you want your business to be more than a number in a bank account? Picture your venture continuing for generations—feeding your loved ones, employing others, changing your community.

Here’s the harsh reality: if you haven’t documented processes, trained someone to take the reins, or put a managing director in place, you’re playing Russian roulette with your family’s future. I’ve always been a builder, someone who sets up, grows, and holds onto businesses for their cash flow. And as my journey continues, I want my assets passed on—not just given away, but systemised, valuable and stable.

Imagine This…

• You want a year’s sabbatical. Could your company survive without you?

• You want to pass your business to your children. Is it a cash-flowing asset or liability?

• You want your family protected if you’re gone tomorrow. Are they safe?

Steps to Protect Your Business Legacy

1. Have That Will – Personal wealth sorted? Good. Now, work on a business legacy plan.

2. Systemise Everything – Standard operating procedures, clear processes. Don’t let all that IP live in your head.

3. Key Person Insurance – Protect your family and business with the right policies.

4. Succession Planning – Have someone trained and ready—whether it’s a partner, director, or your children in future.

5. Treat Your Business as a True Asset – Make sure it’s cash flow positive and protected from becoming a liability.

Why This Matters (More Than Ever)

As I move towards day 4,292 of the Runpreneur Challenge—running the equivalent distance of the planet’s circumference, pushing for £1,000,000 to save children’s lives—my mission’s never just been about me. It’s about creating a ripple effect that lasts. Your business can be the same. Don’t leave your legacy to chance.

💬 What’s Your Plan?
Have you got a legacy plan for your business? Are you doing the basics, or setting up for generations of impact? Drop me your thoughts below—I respond personally to every relevant comment!

If This Resonates…

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Stay positive, stay happy, and I’ll see you on the run tomorrow.