Disaster Planning for Businesses

From the Desk of Ryan Binkley

Happy New Year! I hope that 2018 has started out well for both you and your business.

One topic that became paramount for thousands of businesses in 2017 was disaster preparedness. Since we are entering a new year, we thought it would be helpful to encourage you to examine your business disaster plans and ensure that they are up-to-date and well thought out.

Our lead article this month provides you with some great strategies to prepare your company for any catastrophe that might impact it. I imagine that thousands of business owners in Houston, Florida, Puerto Rico and Southern California, to name only a few areas, wish they had created disaster plans for their companies months in advance of what eventually hit them in 2017.

And this issue becomes very important when you begin to talk to buyers. One item we see more and more on due diligence check lists is the topic of disaster planning. Buyers want to be assured that if they acquire your company it has continuity planning in place no matter what natural event may occur.

Of course we hope that your company will never need to use any of the guidelines in our article, but if you do, it is better to be ready than react.

Please remember that your relationship with Generational Equity doesn’t end once our initial evaluation is completed on your company. We provide you with two updates of value at no additional cost over a five-year period. If your business is performing better now than it was a few years ago, it might be a good idea to contact us to review your company’s current business enterprise value.

Keep in mind that in addition to a value update, we also will provide you with our Roadmap for Enhancing Value, a document that is designed to give you ideas on steps you can implement to build the enterprise value of your business over time. Our clients find this tool extremely helpful as they focus on growing their business for future acquisition.

If you are interested in updating your company’s valuation, if you would like to make an informed decision about your options in the marketplace, or have any questions for us at all, please call our Vice President of Client Experience, Jay Hellwig, at 972-232-1156, or send Jay an email at jhellwig@generational.com and he will be in touch.

Thank you for your time and I wish you all the best for 2018!

Ryan Binkley
President & CEO
Generational Equity