by Eldari Visser, Managing Director, Picketfence.Life
In recent weeks I had to experience very sad moments with people close to me. Beautiful lions were killed for traditional medicine and a very young girl passed away after a fatal accident. Life happens to all of us and the deep hurt cuts more than a cliff’s sharp edge.
Once again I noticed how we get caught off guard and during the time of mourning nobody has the capacity emotionally and physically to look after business as usual.
So to stick with our Jungle theme, what do we learn from nature about unforeseen accidents?
- Respect the rules of nature. Understand that if you waver or deviate from a well thought out plan, path or direction then you will get to now the harshness of Mother Nature. Mostly then it is to late.
- Always plan for the unforeseen - have extra rope in your backpack.
- Make sure that your business will be sustainable even if it loses a massive income stream - your biggest product.
- Have contingency plans AND succession plans in place. No worker can afford to be without an income whilst the company is sorting out who is going to take over key tasks and leadership.
- If you are the only source of income then protect yourself against major accidents.
- Make sure there is always cash at hand for emergencies - personal and for the business.
- AND always make sure your legacy plans are in order- your next of kin knows where to find your personal documents and your business will also have a paper plan for emergencies.
- Have an emergency number at hand.
So yes…. you have heard it all before. Statistics show that only 20% of business owners do have a succession plan and many business people do not take care of themselves. So, when your footing slips and you fall of the cliff, the best thing to have in your hand is a rope and the second best thing to have is the guide on the other side pulling you back up.
Check the backpack today!
Eldari Visser and her unique company, Picketfence Life, is providing access to information, advice and a powerful network of experts to help consumers find solutions to various serious issues. The company focuses mostly on easy blogs written by financial coaches, lawyers, accountants and tax practitioners, life and business coaches, and even psychologists. It gives practical tips and help and is the expert on your side of the fence. --- You can reach Eldari at www.picketfence.life or www.askgerald.com
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