MCBRIDE FOR BUSINESS BLOG

McBride for Business Blog

Your Business Without You: What Does It Look Like?

June 22, 2017 // R. Shawn McBride // No Comments »

R. Shawn McBride recently spoke about the importance of planning for the future.

Hey, folks, it’s Shawn here with you, and I’ve got another tough question for you. Really, what would your business look like without you? Stop, pause, think for a second. What would it be like if you weren’t there? Probably a mess for many of you. Probably employees running around circulating their resume ’cause they don’t know if they’re paycheck’s gonna come. Loved ones probably frantically trying to access bank records and understand what’s going on and make a plan for the future. And probably just a whole sense of chaos.

Folks, this is not something you have to leave, this is something really you can build. And it’s beyond going to your estate planning lawyer. Estate planning lawyers are great and they have a time and a place and you’re going to need to get one and you should. And you should definitely understand where that ownership’s gonna go under your estate plan, your will, your trust, etc.

But, you need something more, you need a management plan, you need a way to transition the ownership and control of your business from one or two people to a team of people. You need others involved, and how are you going to do that? Well, you really need to understand what that looks like and what happens. It may be a board of directors, it may be key control people, and we want to do things in an organized fashion where we have redundancy in management so people can step in and take over. But we also wanna make sure no one person has control and can run with the business.

So back to the original question. What would your business look like without you? Probably a mess. This is something we can fix – a good attorney or a consultant, somebody can come in there and help you build a plan. I’ve worked with numerous clients on building plans, but I’m not the only one out there, I just feel like I have a lot of knowledge in the area. So if you’re looking for this kind of help, reach out, get somebody on your team, build a plan, don’t wait until its too late.

If these types of issues are resonating with you, check out the McBride for Business blog lots of great content about this type of issues. Same with the McBride Attorneys blog. The R. Shawn McBride public page on Facebook has a lot of videos dealing with these and related issues, so check that out. And then subscribe to our YouTube channel at McBride for Business. And go to McBride for Business and get your evaluation checklist for your business, make sure you’re maximizing that value. And of course, reach out to me, R. Shawn McBride.

Come to my fan page on Facebook or get a hold of me at www.mcbrideforbusiness.com. Let me know how I can help you. Let me know what issues you’re dealing with and let’s see if we can custom-craft a solution, whether it’s an in-person one-on-one meeting, whether it’s just a simple video to solve your problem, or whether it’s some keynoting or training for your organization, let me know how I can help. I’m Shawn McBride, I’m here for you. Hope to talk with you very soon.

Make sure you download our free checklist to assess your business.  

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 Keigirl.

 

About the Author

R. Shawn McBride is the Chief Innovation Officer at McBride For Business, LLC. His signature keynote, The 3 Laws of Empowerment, gives audiences an entertaining look at how they can prepare, plan and protect themselves. You can email R. Shawn McBride or (214) 418-0258.

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