Category: Prevention & Emergency
Prevention and emergency management is an often neglected part of your succession planning and responsible company management.
Prevention and emergency management is an often neglected part of your succession planning and responsible company management.
Whether you are an entrepreneur or not – the topic of pension provision affects us all. What happens if we are unable to act ourselves – if we are unable to work due to a sudden illness or an accident forces us to stay in hospital for a longer period of time and we are unresponsive?
Family members or parents may not automatically make full and permanent decisions or act on behalf of adults in a precautionary or emergency situation. The same applies to spouses and registered partners.
We don’t like to paint the devil on the wall. Rather, we think that part of risk management is to ensure the ability of an owner or a partner to act even if the person is unable to act himself at the moment. Illness and accidents are just two examples. The roles that an entrepreneur has as owner, managing director or partner must also be fulfilled in this situation – but by whom and on what basis? This is where the entrepreneurial power of attorney helps.
It is not about horror stories, of which we know many. It is solely about how you prepare your business for future developments and for the unpredictability of life. Succession is not only the planned end of your entrepreneurial activity, but also the abrupt, hopefully temporary loss of an entrepreneur. From the responsibility towards the ecosystem of your business follows the preparation for the worst-case scenario – even if it will hopefully never occur.
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