---
title: [Video] Don't let over-reliance on key personnel erode business value
description: Business advisor James Price explains how business value can be eroded on exit if the majority of knowledge and expertise is held by one key individual.
image: https://blog.jpabusiness.com.au/hubfs/4.%20Cartoons/jpa04.jpg
---

 02 January 2018

# [Video] Don't let over-reliance on key personnel erode business value

WRITTEN BYJames Price | JPAbusiness

![jpa04.jpg](https://blog.jpabusiness.com.au/hs-fs/hubfs/4.%20Cartoons/jpa04.jpg?width=638&height=425&name=jpa04.jpg)

In this [video](https://youtu.be/YTvT_2mz_uY) James explains how business value can be eroded when the majority of knowledge and expertise is held by one key individual.

 

 

Succession planning is the key to ensuring this doesn't happen in your business.

**A good succession strategy means the business should thrive even if you're not there**, and the market should reward you when you exit.

You can download our free [Business Succession Scorecard](https://landing.jpabusiness.com.au/free-business-succession-scorecard-download) to rate your business' preparedness for sale or succession.

[![New Call-to-action](https://hubspot-no-cache-ap1-prod.s3.amazonaws.com/cta/default/2108706/bedf9301-f99c-4fb9-ae88-1d9349d9499d.png)](https://hubspot-cta-redirect-ap1-prod.s3.amazonaws.com/cta/redirect/2108706/bedf9301-f99c-4fb9-ae88-1d9349d9499d)

If you would like assistance with succession planning for your business, [contact the business advisory team](https://landing.jpabusiness.com.au/contactus) at JPAbusiness on **02 6360 0360** for a confidential, initial discussion.

![JAMES PRICE | JPAbusiness](https://blog.jpabusiness.com.au/hs-fs/hubfs/JPAbusiness_Files/james_in_a_circle.png?width=90&name=james_in_a_circle.png "JAMES PRICE | JPAbusiness")James Price has over 30 years' experience in providing strategic, commercial and financial advice to Australian and international business clients. James' blogs provide business advice for aspiring and current small to mid-sized business owners, operators and managers. 

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Topics

- [video ](https://blog.jpabusiness.com.au/blog/topic/video)
- [succession planning ](https://blog.jpabusiness.com.au/blog/topic/succession-planning)
- [selling a business ](https://blog.jpabusiness.com.au/blog/topic/selling-a-business)
- [business succession ](https://blog.jpabusiness.com.au/blog/topic/business-succession)

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