Business Tips For Small Business Owners

We have worked with small business owners in the McAllen area for over 10 years. We see many trends that are having dramatic impacts on the way small business owners are rethinking their business retirement plans. In a series of articles we are going to discuss these trends, their impact and some possible solutions.

Trend:

Business owners looses a key employee after 30 years of service.

Impact:

Sudden loss of income for the business

Owner has to re-think his retirement

Owner has to suddenly cancel the long-awaited vacation

Owner's valuable time loss for re-hiring and re-training

Confusion and loss of production from other employees

Increased stress among yourself, your family and other

employees.

Possibilities:

Sell the business

Bring in family members to help out

Re-organize and re-structure with under-qualified existing

employees

Solution:

Key Employee Insurance

Most small business owners do not realize the financial impact that the sudden loss or disability of a key employee can have on their business. For more information on how to protect your business contact Jeff Moore at (956) 928-1811 or jeff@getmooreinsurance.com