What would happen to your business if you got hurt or died?

Napkin_Business_Plan

Image by Linda Nowakowski via Flickr

I love Drew Brees. Not just because he’s an awesome athlete and led the New Orleans Saints and the city of New Orleans to a storybook Super Bowl Championship. Not just because he and his wife have made New Orleans home and help out the community and building up the team. It’s because he digs peanut butter and banana sandwiches with honey. Come on over, Mr. and Mrs. Brees! I’ll serve ya up some “sangiches” any ol’ time!

Two weeks ago while watching the Saints game, we witnessed something that can often be seen at the end of a football play: a player was knocked out of bounds and ran into somebody on the sideline. But this time the sideline observer got hurt. And it was the Saints’ head coach.

Sean Payton’s leg injuries required surgery. He has to stay off his feet for a few months. How the heck can an NFL coach do his job if he can’t walk? Well, he’s got a support team. He has assistant coaches and leader-players who have stepped up to fill in wherever and whenever possible. Sean Payton has an emergency plan in place.

If you’re the owner of a large company, you might have a vice president who can fill in and cover your duties while you’re out for a few weeks.

But what if you don’t have a big company? What if there’s just a few of you? Or, just you? What happens if you get hurt, disabled, or die? It’s morbid to think about, but if your business is your main stream of income for you and your family, what will need to happen in the event of an emergency?

Take the time to gather your operations manuals, review them, and go over expectations and contingency plans with your attorney, accountant, family and staff. Plan for the worst. Hope for the best.

Always have a Plan B.

 
1 Comment
  • us postage rates
    Posted at 13:18h, 02 December

    i love your blog, i have it in my rss reader and always like new things coming up from it.

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