Episode 117 on the Business Bites Podcast
The Gist Of This Episode: It is almost inevitable that something will happen during the lifetime of our businesses that can cause disruptions if we aren’t prepared. Listen now as Rachel walks us through the steps to create our own disaster kit that will make it easier for someone to take over for you should you need to be absent for awhile.
What you will learn:
- what should be included in your disaster kit
- what a power of attorney is and why you should have one
- why you need to record all of your steps and processes
- and more!
- Compile all of your costs & bills for your business in one place. Also include passwords, logins, how to pay your bills, etc.
- Compile your bank account information, credit card information, and line of credit access.
- Have someone designated as power of attorney.
- Create a handbook that is accessible to your power of attorney that instructs him/her what to do in your absence. Make a contingency plan that has instructions on how to access contracts and client lists, letters and statements drafted they can use to send to clients, workflows and actions that need to be done, etc.
- Have a plan to routinely review your kit and update as necessary.
EXPAND TO READ EPISODE TRANSCRIPTS
- Episode 5: Layers of Protection
- Episode 13: Business Planning in 15 Minutes or Less
- Episode 14: 6 Budget Areas Small Biz Owners Forget to Include
- Episode 34: 5 Tips for When Disaster Strikes
- Episode 94: 3 Tips on How to Manage a Virtual Team
- Episode 106: Sustaining Your Business During an Illness
- Episode 110: COVID-19 and Small Business Impact [5 Step Checklist]
Tools & Resources:
- Disaster Kit – coming soon
- Power of Attorney Template – coming soon
- COVID-19 Legal Resource Page – Entrepreneurs
- COVID-19 Legal Resource Page – Photographers
- Business Bites Podcast® Facebook Group