Tuesday, April 16, 2024

How Do You Include the Unknown in Your Strategic Plan?

business transition planning ann arbor
While you can’t plan for every surprise, different situations carry different risks for different businesses:

  • What if someone else has to carry on for you du e to a personal emergency?
  • If your family situation changes, does your business involvement need to change too?
  • What if your landlord decides to change the purpose of the property and ends your lease?
  • What about an economic downturn?
  • How will your business respond to a natural disaster like a building fire or tornado?

Your plans might differ based on whether the event is internal or external, involves a change in management, or immediately affects the safety or economic stability of your employees. You might focus on safety, restoring critical resources or operations, or the chain of command for recovery operations.

Being prepared is critical to your success

Knowing what to do during an emergency, and who will do it, can help minimize the impact on your business and employees. David can guide you through the process of completing a business impact analysis and developing a continuity plan to manage disruptions to your business. The hope is that you’ll never have to use it, but wouldn’t you rather be prepared?

Read the full article on our website to learn more!

Start Business Transition Planning: It’s as Easy as a Phone Call!

David is an accomplished and experienced business professional who brings over 40 years of insight to the table. As a business coach, he specializes in helping business owners prioritize their business needs, identify areas of improvement to support those needs, and lead their business to its greatest potential. He can help you plan for the future of your company with business transition planning in Ann Arbor and the surrounding area.

It all starts with a single, free conversation. Call 734-726-5208 today for a free coaching session or contact David. In today’s world, you need to be ready for anything.

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