What happens if you can’t run your business anymore?

Small businesses are subject to the same threats as any other – supply chain failure, losing key employees and cyber crime are just some of the potential disruptions but for most small small businesses the biggest threat is that the business owner is the key player in the business so any illness or incapacity will have a huge impact on the business and the revenue.

Identify the threats

Think about all the things that might threaten your business and work out what you can do to minimise or respond to them.
If illness or absence of the business owner is the biggest threat, get some key person insurance, train up someone to do the most critical tasks or outsource them. At the very least have a written process for key tasks that someone else can follow in an emergency.

Some things to consider

List all your accounts – finance, tech and any others.
Have a system for a nominated person to access passwords to these accounts.
Set up “legacy” contacts for your social media accounts.
Have a template letter to send to key clients with details of what will happen to their work and any data that you hold.

Make a plan and keep it updated

It’s easy to think you’ve done the work and stick it in a drawer until its needed but if you update passwords etc regularly you need to remember to keep the ’emergency folder/file’ updated too.


If you’d like an easy checklist and a way to keep all these things in one place, Drive member Annette Earl can help.
If you contact her she’ll send you a free copy of The Business Fact File. It’s a ‘starter for ten’, designed to capture the most important details about your business so that if you can’t operate in your business for whatever reason, someone else will have an idea of how to pick it up and manage accordingly.