Is your company ready for a crisis or a surprise?
When you establish your company, you need to be continually thinking about how the company is going to grow and evolve. Several things to think about:
- A buy-sell agreement between principals and partners in the company.
- Continual review of the value of the company.
- A succession plan for the company to help deal with death and retirement.
- Financial plans in case of equipment failures or other losses.
Being prepared is being re-paired!