What is a Business Continuity Plan?
Despite our attempts to control every aspect of our lives and businesses, nothing about life or running a business is predictable. The fact is that you have to plan for the survival of your business even if you do not. Beyond making sure your family is taken care of through estate planning, business continuity planning steps should include what needs to happen to keep your business running in the event of business owner death or permanent disability.
Our white paper offers solutions to four continuity problems: Loss of continuity of business ownership, loss of financial resources in the company, loss of key talent (you as the owner, in this case), and loss of employees and customers. There are different approaches you can take based on the continuity problem you are trying to address, and the type of ownership your company has. If your business can survive your exit, you know you’ve done proper planning.
Do you need someone to go through continuity planning with you? Contact one of our experts today.