Planning for business disruption in Maryland

Many Maryland businesses run into small issues on a day-to-day basis, such as an employee quitting unexpectedly or a shipment failing to arrive on time. While most organizations have steps set forth to deal with these types of problems, many do not have a plan for dealing with large complications, like a major computer failure or an unexpected weather event.

Some of the large-scale problems that businesses may face include damaged premises, a disturbed supply line or problems with cash flow. Each of these issues can lead to a business failing, but having a plan of action in place could reduce the disruption and salvage a company’s operations.

With a physical disruption at a location, such as a flood or fire, businesses may want to plan to have backup offices or the infrastructure in place to allow employees to work from home. A supply line that fails can be adjusted for by having multiple suppliers or at least alternative sources in mind, and problems with cash flow can be mitigated by having money set to the side for these types of circumstances.

Business planning is an important part of keeping a company successful and running smoothly. Along with determining what the steps and processes should be put in place for dealing with the unexpected departure of a key figure or massive computer failure, organizations should also have steps outlined for dealing with legal setbacks, such as legal actions against a company or when a business partner fails to live up to its obligations. Legal counsel may be able to help business owners to prepare for these issues.

Landlords: Winter Is Coming

With snow, wind, and freezing temperatures, winter can be especially hard on houses and apartments. Before the chilly weather hits, it’s time to prepare your rental properties for the…