Starting a successful business from the ground up can be one of the most rewarding experiences in life. We know the hard work, personal time, and total devotion it takes to nurture a company from a seedling of an idea into an almighty tree. While your idea was the spark that started it all, you need to ensure that flame stays lit. Planning the final step is crucial to the security of your assets as a whole.
Adverse changes or major life events can happen at the drop of a hat. As they say, hope for the best but plan for worst. Can you really afford to risk it all by not asking yourself, “what if?” What happens when I retire? What if I am disabled or suddenly pass away? It’s not always clear how to distribute or dispose of a business if you haven’t prepared for it. That is where business continuity planning comes in. It’s a risk management strategy that prepares a business to successfully move forward in the case of a major life change.