Pause for a moment. Think about what you would do if you weren’t available for your business. What would you do if you couldn’t come to work one day? You had a terrible illness. You were in the hospital. You were stranded without communication. What would happen? Would your customers be serviced? Would your business continue to move forward?
What if your absence was longer? How would the bills get paid? How would your staff continue working? What would happen?
These are real world situations that happen to real businesses. Sometimes owners or management teams can’t come to work for whatever reason, whether it be illness, disability or other disruptions, and it’s key that you have plans in place. So many business owners admit to me in deep discussions that if something happened to them, their business would get completely sidelined. They would be completely disrupted. What would happen to yours? How would your business work?
These are tough questions, but plans can be built. We can build redundancy into management. We can make sure that the company continues to move forward, even if something happens to the owner, boards of directors, management teams, or other authority in your company.
What would happen to your company? Have you thought about what a disruption would do to your business? What it would cost? What it would mean to your operations? Join us in the comments below and let us know.
Company moving forward, during disruptions.
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This posting is intended to be a tool to familiarize readers with some of the issues discussed herein. This is not meant to be a comprehensive discussion and additional details should be discussed with your attorneys, accountants, consultants, bankers and other business planners who can provide advice for your circumstances. Each case is unique. Past results do not guarantee future outcomes. This article should not be treated as legal advice to any person or entity. Freeimages.com/photographer Pierre Amerylynck.
About the Author
Shawn McBride is the Chief Innovation Officer at McBride For Business, LLC. His signature keynote, The 3 Laws of Empowerment (www.rshawnmcbridelive.com), gives audiences an entertaining look at how they can prepare, plan and protect themselves. You can reach R. Shawn McBride at email@example.com or (214) 418-0258.
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