Step 1 · Step 2 · Step 3 · Finish
Step 1 - Is the future of your business control something you have thought about? Should you become ill, injured or die, these are inescapable issues for all involved in small to medium sized business. Business owners should ask themselves these questions.
1.
Do you have a strategy in place to ensure your business remains in the right hands should you become ill, injured or die?
Yes
No
2.
Would you see it desirable to have a structure in place creating certainty around the sale and purchase of your business in the event of your premature death or disablement?
Yes
No
3.
If you are disabled or critically ill, will your business suffer a shortfall in revenue or profit while you recover, even if you're able to continue eventually?
Yes
No
4.
Is your spouse/partner or employee able to continue running the business if you are disabled or die?
Yes
No
5.
Have arrangements been made so that in the event of your premature death, serious illness or total & permanent disablement that your role in the business is replaced?
Yes
No
When considering the factors that drive profit within your business, it's important not to overlook the impact key individuals have on a business.
