Small business owners often wear many hats in their own company and keep a lot of information in their heads, including login details to a multitude of online accounts that their businesses rely on. Having a password manager to store usernames and passwords for these accounts can help keep their businesses going should anything bad happens to them.
Over at small business blog Flying Solo, Matthew White, owner of a small online retailer, wrote about putting in place contingency plans should anything unfortunate happen to himself. When you're working in a large organisation, you have the luxury of calling up the IT department for password recovery. It's not so easy for small business owners. White recommended using a password manager to assist in business continuity in his absence:
"I shudder to think of all the various password and username combinations that are required to access my business' back-end systems — On last count, it was nearly 200.
"My advice is to get a password manager tool that stores all your login details in one place, and can be unlocked with a master authentication process… Just remember to tell someone the main login key!"
We have reviewed a bunch of password managers in the past. You can read up on them here.
If you're a small business owner, do you have any contingency plans in place in case you get hit by a bus? Let us know in the comments.
[Via Flying Solo]