As we start working on plans for small business recovery after isolation orders, we have to be careful that we don't take in new information but rely upon the same methods for assessing our businesses. In this video I talk about confirmation bias, inversion method...
It is time to start thinking about recovery for when stay-at-home orders are slowly lifted. To be successful, small businesses are going to start building a new mental model for success. This video is a bit of theory about how we are going to be...
Despite the fact that we are in the middle of the COVID-19 crisis, NOW is the time to start thinking about recovery. With every challenge comes an opportunity to grow, learn, and do things different than we have done in the past. For small businesses,...
Small business startups are operating on a tiny shoestring budget. But there are a ton of resources out there that don't cost much or, better yet, are free. We help business owners go from being a dream and a business plan to an operating reality....
As a General Counsel, I worry about a lot of different scenarios and a common concern is hacking and cybersecurity. I always farm out the technical side since, well I am a lawyer, not an IT guy. So I decided to ask an IT guy to...
What happens if the single owner of a business dies? It is a tad morbid, but it is a very important part of business succession planning that needs to be prepared and discussed. The first question you need to answer is: who gets the business? Family, Children, and Minors As we...
In this post about business succession planning, we are going to talk about matters to consider in the event of a disability to the business owner. I typically approach the topic of disability by asking whether the owner is going to be disabled for two months...
Any discussion of business succession planning has to start with the overall structure of the plan. First things first, you need to remember that this document is flexible and can be changed at any time. A business succession plan is not a document that is...
This is the first in a series of posts that will be discussing business succession planning. Something that small business owners should be considering is what happens in the unlikely scenario of a long-term disability or death of the business owner? Business succession planning is...