A comprehensive business continuity plan addresses every aspect of a successful business exit.
It allows you to set up a chain of command that becomes active when an owner exits by desire, dies or becomes incapacitated, allowing the business to run seamlessly even in the owner’s absence.
It incentivizes key employees to continue their top-notch work even as the owner begins the process of exiting, making it more lucrative for key employees to help the owner exit than it would be to force the owner to pay exorbitant amounts to keep them from leaving or damaging the company’s value.
It even guides the owner’s family members regarding how they can manage any unexpected situations with minimal stress or changes to lifestyle.
Our True North process considers the owner’s goals for the business, his or her family, and his or her employees. We walk owners through all the what-if scenarios in an organized way to compile all of the owner’s goals, needs, and strategies to achieve those goals.
We then build full, complex business continuity arrangements for more-complicated ownership structures. This helps business owners avoid the trap of oversimplifying their strategies to assure business continuity.
Our Business Continuity service helps owners protect against the unexpected while strengthening the foundations of their businesses.