You may remember my recent post about the Hit by a Bus Plan. The Hit by a Bus Plan helps owners stop worrying whether their business will continue and their family will be protected if something should suddenly take them out of the picture.
Well, business owners have to plan for other contingencies as well, such as earthquakes, fires, power outages, or worse. That’s not what I do, but I just came across an excellent tool developed by Ready.gov to help businesses of all sizes develop plans for such contingencies. I thought it might be helpful for my readers and their clients who haven’t yet developed a contingency plan. Here is a link to the tool:
You will be prompted to download and extract a zip file which contains a suite of tools including some business continuity planning videos, a business continuity plan generator, and a business continuity plan training exercise to test your plan. I started the process myself and it seems pretty painless. I hope you find this tool makes it easy to write your own contingency plan and worry less about what will happen to your business in the event of a fire, earthquake, or other disaster.
This article is not intended and should not be relied upon as legal or tax advice pertaining to any specific matter. You are encouraged to seek competent legal and tax counsel before proceeding with any transaction involving any of the matters discussed above.