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May 28Bruce Benes

Emergency Succession Planning

May 28Bruce Benes

What do you do when you need to break the glass?  Is your organization ready?  Emergencies can come in many forms:  personal illness, disability, family illness or catastrophe or death.  While not a pleasant topic, it is important to have a plan in place to continue your business.  Among other items, these plans need to include the following:

  • Definition of the emergency event
  • Outline the decision making authorities
  • Establish job roles and management succession
  • Plan for the sale of the business
  • Provide for life insurance
  • Provide for disability insurance
  • Outline a communication plan
  • Regularly review the plan

In case of emergency – be prepared.  If you need help in drafting a plan, give me a call.

 

B2B CFO®

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