Good and bad things happen in life. It’s a perpetual cycle that everyone goes through without exception. But what’s worse than a rainy day other than not having an umbrella on hand to protect you? Not being able to get out of the rain.

In this conversation, we discuss the importance of incorporating changes in your life, your team, and your needs into your business continuity planning. We discuss why business continuity plans should be living documents that evolve over time and how to create a vision for your ideal business exit even if you are 40 years away from that sale. We also discuss why keeping your spouse involved in both continuity planning and business exit conversations creates better outcomes.

Don’t let your business be crippled by an unexpected turn of events. Tune in to this episode now!

Resources:

• Key Components Of Business Continuity Planning - https://entrepreneuraligned.com/insights/key-components-of-successful-business-continuity-planning

What’s Discussed in This Episode:

1. What is a business continuity plan and how do you draft one? [03:11]
2. • Step 1: Take into account the people within your business [04:58]
   • Step 2: Consider the people outside your business [07:04]
   • Step 3: Check how the business fundamentals has shifted [10:45]
   • Discussing the exit strategy with your spouse [14:46]
3. Planning your business exit strategy [12:43]
4. Case study examples and the look fors in drafting a continuity plan [16:01]
5. Things to check in planning your exit strategy [23:54]
6. Going back to your personal and business goals [26:46]
7. Positioning your tactical pieces correctly [29:21]

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