Planning for the Unexpected: Disaster Preparedness Checklist for Businesses

business-disaster-preparedness-plan-checklist

While we can’t predict what disasters or emergencies are looming in the future, business owners can prepare for the unexpected to a certain degree. If company leaders ignore this fact, then failing to plan could be a plan for failure.

Besides minimizing the impact of something like toxic wastewater contamination on your company’s bottom line, having a business disaster or emergency preparedness plan is something business acquirers love to see. Buyers are all about avoiding risk, and planning ahead can decrease some of the risk inherent in each business.

Ready.gov, a website the Federal Emergency Management Agency set up to help business owners prepare for emergencies, has an emergency plan template [PDF] where entrepreneurs can type in the necessary information and print/save.

If you prefer to create a document customized for your company instead of using FEMA’s template, consider addressing the following areas to plan for a natural disaster or an emergency.

M&A Digest – August 21, 2015

Tackling some tough issues this week, we explore when you need to fire a relative from the family business, why recasting your financials is vital before you start negotiations with a buyer, why should never mention a price to a potential buyer, and more. Click on the headlines to read the full pieces.

firing-family-member-in-family-business

Building a ‘Buyer Ready’ Business – Removing a Family Member When Necessary

When you’re running a family business, sometimes it’s necessary to ask a family member to leave the company in order to protect the business. Here’s how you know if it’s time to do so.

M&A Digest – August 7, 2015

We’re covering a lot of ground in this week’s M&A Digest, from due diligence to negotiation tactics and another analysis about the merger and acquisition market. Things are good for current business owners looking to grow or exit their companies. As usual, click on the headline to read the full article.

Due Diligence when selling a busienss

Due Diligence – Disclose, Divulge, Discourse

If the truth is going to kill your deal, then you don’t have a deal. Because if you’re not upfront with your potential buyer and something comes out, they’re going to wonder, “So what else haven’t you told me?”

M&A Digest – July 24, 2015

This week’s digest examines how many private equity firms there are in the U.S., the effect baby boomer business owners will have on the merger and acquisition market, and where American buyers look for target opportunities after the U.S. Click on the headline to read the full piece.

M&A Digest – July 10, 2015

We’ve got a look at why the M&A market favors sellers right now, an analysis of the private equity activity in Canada, and more in this week’s M&A Digest. Click on the headlines to read the entire articles.

How To Stop Procrastinating: 7 Strategies

how to stop procrastinating

You’re here because you want to stop that awful procrastination habit, so we’ll dive in before you put off reading this article. But first, a disclaimer: Overcoming procrastination takes self-awareness and new behaviors. All seven of these strategies probably won’t work for you, so find the ones that do and incorporate them into your routine.

M&A Digest – June 26, 2015

The M&A market is in the midst of one of the strongest sellers markets in quite some time. We discuss why, how long it will last, and the remarkable role of private equity in economic growth in the U.S.

M&A Digest – June 12, 2015

We look into why all business owners need to know what their companies are worth, timing your exit with the market, a great source for growth capital, and more. Click on the headline for the full piece.

M&A Digest – May 29, 2015

add-on-acquisitions-center-stage-trendThe M&A industry is buzzing with activity. We take a dive into what types of acquisitions are most popular, the specific industries private equity groups like to invest in, and where M&A activity is headed in the coming months. As usual, click on the headline to read the full article.

M&A Digest – May 15, 2015

We continue looking the M&A Basics series with a look at recasting and succession planning, as well as share errors to avoid when selling your company, the challenges of selling a family-owned business and more. As usual, click on the headline to read the full piece.

errors-to-avoid-selling-a-business

Errors To Avoid When Selling Your Company

“Let’s face it – the equation is not balanced. You will most likely only sell one business your entire professional career. Buyers, especially those working for equity firms and corporate strategics, will make dozens of acquisitions in their careers. Because of this, they have the upper hand and can negotiate deals aggressively to their benefit, not yours.”