Contingency Planning versus Continuity Planning

When business consultants talk about preparing for unforeseen problems, they frequently commingle the terms contingency and continuity. These terms are not synonymous. There are important differences between them. Contingency Planning Contingency planning is generally accepted to mean preparing for an event that can result in financial and/or emotional upheaval. This could be death, disability, divorce,… Continue reading Contingency Planning versus Continuity Planning

The Value of Key People

The value of key people has been coming up more and more in Business Valuations and deal structure this year.  How do you know what your team is worth?  That's a good question.  Employment Agreements are becoming very important to buyers when the language addresses non-recruitment and protection of company assets, including confidentiality. Due to the fact that workforce shortages… Continue reading The Value of Key People