In business, it takes vision, preparation, skills, and desire — not to mention a focused dedication to achieving your goals. If you are like most business owners, you have worked hard and made many sacrifices to grow your business. That is why you should put just as much energy into protecting it as you did building it.
Develop Your Business Continuity Plan
MassMutual has provided this guide to help you plan for the unexpected, and expected, life-changes that impact your small business. Written in both English and Spanish this resource walks you through the top five aspects of building a strong business continuity plan:
- Buy-Sell Agreement
- Key Person Insurance
- Business Overhead Expense
- Qualified Sick Pay Plan
- Cash Reserve