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Running a business is never a simple task for anyone. Anything can happen that can affect the business including the unexpected death of the business owner. The sudden death of the company’s owner affects the business seriously and negatively impacts the value of the company.
The owner is responsible for handling multiple tasks, often sales and financial issues. The responsibility for generating revenues, personally guaranteeing loans, have the trust of employee and providing daily…
ContinueAdded by deprezleadership on December 12, 2019 at 6:47pm — No Comments
A business succeeds with a strong leader. The leader is in charge of all the business decisions that will help it grow and become successful in the highly competitive market. In some cases, only one person holds the key to all aspects of the business. The capable leader mindfully decides the steps to make an impact. But, the sudden death of the leader or owner can derail the whole business and affect the lives of employees working in the company. It is a tough emotional period that needs you…
ContinueAdded by deprezleadership on November 19, 2019 at 10:55am — No Comments
Businesses are often run by smart people who have the expertise to handle different situations. Employees look up to him/her for motivation, advice, guidance and support. What happens when a business owner unexpectedly dies? The morale of the employees gets affected in a negative way. The death of the business owner creates uncertainty and fear that can affect every employee and leave them not knowing what to do. Even the customers feel disturbed and worried about the fact that who is going…
ContinueAdded by deprezleadership on November 12, 2019 at 9:55am — No Comments
In addition to being a huge shock for the family members, the unexpected and sudden death of any business owner will also affect employees too. Employees, customers suppliers, the bank and others will face the dilemma of future ownership issues, leadership, potential business decline and other challenges.
The void created by the death of the business owner raises the big question as to who will take charge and run the business. Employees remain fearful and insecure about their jobs and…
Added by deprezleadership on September 26, 2019 at 6:03pm — No Comments
Business owner has passed away in unexpected way and you really do not know what to do next. This is a highly usual circumstance where you could find yourself not knowing what to do next. When building a business through efforts and, hard work business owners makes sure that his/her employees are in good position and their jobs will be safe. When he or she unexpectedly dies, all that changes.…
ContinueAdded by deprezleadership on September 6, 2019 at 5:42pm — No Comments
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