#BusinessTipTuesday – Plan Ahead

Tuesday April 4th is Vitamin C Day. As we all know many people take Vitamin C to help boost their immune system and fight off sickness. So for this week’s #BusinessTip Tuesday we use Vitamin C Day as a great reminder for small business owners to plan ahead for when they get sick.

The University of Scranton SBDC works with these small business owners on Business Disruption and Continuity Planning. This allows them to understand the importance of cross-training their employees so they can take on the job responsibilities of the business owner or an employee who leaves or may be out of work for an extended period of time due to illness.

However, sometimes an employee may have specialized skills that make finding a replacement difficult. It can be a long and drawn out process. In those cases, a business might want to look into key employee insurance, which will help cover expenses associated with replacing that key employee if they are out of work for a long time.

Just like taking Vitamin C is planning ahead to fight-off illness, taking the necessary steps to plan ahead for business disruptions is also key, because once something happens it’s too late.

For additional information or if you would like the assistance of the Small Business Development Center in getting prepared call us at 570-941-7588 or visit us on the web at www.scrantonsbdc.com.


Keith D. Yurgosky
Business Consultant
The University of Scranton
Small Business Development Center
www.scrantonsbdc.com
(570) 941-4150

Helping Businesses Start, Grow, and Prosper
Download the Scranton SBDC App from the Apple Store or Google Play.
Twitter @scrantonsbdc

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About The University of Scranton SBDC

The University of Scranton SBDC provides no cost small business consulting services that are tailored to fit the needs of small business clients of Bradford, Lackawanna, Monroe, Pike, Susquehanna, Tioga, Wayne & Wyoming Counties. The center offers confidential individualized assistance designed to identify and address the problems of small business owners as well as individuals interested in establishing a business. The program is jointly funded by the US Small Business Administration, Pennsylvania Department of Community and Economic Development and The University of Scranton.
This entry was posted in #BusinessTipTuesday, #SBDCday, #ShopSmall, #TuesdayTips, Business Continuity, business insurance, business planning, Disaster Preparedness, significant health risk, social media, Start up, Uncategorized. Bookmark the permalink.

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