preparation Archives - Your ExitMap https://yourexitmap.com/tag/preparation/ Free Exit Planning Tools for Business Owners Fri, 13 Dec 2024 19:44:56 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://yourexitmap.com/wp-content/uploads/2026/03/cropped-Site-Icon-YEM-2-32x32.png preparation Archives - Your ExitMap https://yourexitmap.com/tag/preparation/ 32 32 122889523 How to Separate Yourself From Your Business – Why It’s So Important https://yourexitmap.com/how-to-separate-yourself-from-your-business/ https://yourexitmap.com/how-to-separate-yourself-from-your-business/#respond Tue, 27 Sep 2022 14:51:58 +0000 https://yourexitmap.com/?p=7300 When you run your own business, oftentimes one of the most confusing aspects of the job, especially if you are new to the experience, is understanding how to separate yourself from your business. And this issue can show up in so many ways, from achieving a work/life balance and managing your time to how you get paid and even how much taxes you owe. With this in mind, here we will offer a big-picture overview of this issue, and in future articles, we’ll drill down to some of the finer details of keeping your business and personal assets separate. Although it might not seem overly ... Read more

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]]> https://yourexitmap.com/how-to-separate-yourself-from-your-business/feed/ 0 7300 What’s Your Purpose in Retirement? https://yourexitmap.com/whats-your-purpose-in-retirement/ https://yourexitmap.com/whats-your-purpose-in-retirement/#respond Fri, 24 Jun 2022 23:16:28 +0000 https://yourexitmap.com/?p=7210 Retirement can be an exciting milestone. It’s also a major lifestyle change. Oftentimes, your daily workday tasks (professionally or if you run your own business) will likely no longer exist. Transitioning into retirement for some is an easy process. Perhaps their profession is not their absolute passion, and they always had other pursuits and hobbies they are ready to explore once exiting from their day job. But for others, their profession or business is their passion. They put all their time and energy into it and are dedicated to their profession for many years. Now suddenly, retirement is on the horizon and work is coming ... Read more

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]]> https://yourexitmap.com/whats-your-purpose-in-retirement/feed/ 0 7210 Contingency and Continuity Planning https://yourexitmap.com/the-difference-between-contingency-and-continuity/ https://yourexitmap.com/the-difference-between-contingency-and-continuity/#respond Sat, 30 Apr 2022 02:04:04 +0000 https://yourexitmap.com/?p=7031 When business consultants talk about preparing for unforeseen problems, they frequently commingle the terms contingency and continuity. The terms are not synonymous, and there are important differences between them. Contingency Planning Contingency planning is generally accepted to mean how a business will respond in the event of a disaster. This could entail a building fire, severe weather, a strike of key service workers, civil unrest, or riots (depending on the audience.) Additionally, in the age of cybersecurity, ransomware or a denial of service attack, identity theft, and electronic fraud are all well qualified to be categorized as disasters. Generally speaking, these are all insurable events. ... Read more

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