Imagine this scenario.
You’re the owner and chief operator of an established family run business. You work hard and handle the daily functions, including customers, suppliers, scheduling of staff, invoicing, banking – and everything else.
Suddenly, you suffer a severe accident on a weekend trip, leaving you in the hospital ICU for two weeks and a month of home recovery.
Your business is at risk. Your staff and family don’t have information or password access to the customer and supplier contracts, payroll, invoicing, financial or legal records.
With no contingency plan in place, your business is on the brink of losing customers, shutting down operations and potential bankruptcy. This is a situation that no entrepreneur should face.
Depending on the scope, size and complexity of a business, a contingency and authority delegation plan may include:
- Creating and summarizing critical business operations and key function
- Identifying lead staff, titles and contact informatio
- Listing important vendors, suppliers and external contact
- Recording access codes and password
- Organizing client contracts, banking documents, and insurance information
- Clarifying and documenting orders of succession and delegation of authority
As a professional, financially savvy and strategic organizer, I will find, sort, and organize all the relevant documents to minimize the risk that any accident, critical illness or disability could pose to your bottom line and family security.
You’ll have time to regain your health, continue to serve your customers, retain your staff and honour your financial obligations.
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