While we have the power to control some things in life, there are plenty of others that we don’t.

Let’s say you suddenly find yourself without your captain at the helm of the ship. Their absence has led to the ship steering off course fast, with the rocky shore fast approaching.

If your ship runs aground, who knows what damage this could cause financially – let alone to your crew, your cargo, and your treasure. Aargh indeed, me mateys.

Plan to prepare

Putting metaphors ashore for a moment, let’s shift our focus to the things we can control.

The loss of a business owner may be out of your hands, but what you do have control over is the financial and day-to-day impact their departure could have.

Important decisions still need to be made, and you want to make sure you have the right person in place to help make those decisions – even if your usual guy is out of play.

Should you find yourself without a business owner or key stakeholder, you’ll want to ensure that your shares and assets remain in the right hands.

That’s where continuity planning comes in.

Smooth operator

Continuity planning, quite literally, ensures that there’s a plan in place for the continuity of business operations – regardless of what’s around the next corner.

It gives your suppliers and customers the peace of mind that everything will remain as business as usual, and that your employees’ jobs are secure.

Not only does this ensure your business stays on track, it’s also key to becoming more financially resilient. It’s all about creating that safety net to cushion any unexpected falls, and keep you on the right course. Like a lighthouse shining bright through the storm.