I’ve met many business owners through the years who admit that if something happened to them the business would have a hard time continuing operations for any period of time. This always makes me nervous. Leadership isn’t about building dependency upon any one person. It is about getting a group of people working interdependently towards a common goal. Of course it’s much harder to do this when you are relatively small, but as you begin to grow and add staff, you should be constantly thinking about building operational redundancy and minimizing personnel/performance risk.
When in doubt ask good questions and leverage the knowledge and experience of other people. There are few things less attractive about a leader than someone who acts like they know the answer when they don’t. Confidence can be a good attribute but hubris is not. People ultimately see through your words and pick up pretty quickly if you simply make it up as you go along. More importantly, those around you who do have the answers lose respect for you and begin to question everything you say.