Mergers & Acquisitions Advisory

A Neumann & Associates, LLC

November 25, 2020

Have You Emergency-Proofed Your Business?

By Achim Neumann

Disaster can strike at any time – and the stakes are especially high when it comes to your business, regardless of its legal structure or location. The good news is, as with anything, putting in place contingency plans well in advance of an event and adopting other measures can greatly help you mitigate the risk of your business suffering potentially terminal damage.

In this article, we’ll give you some tips on how to emergency-proof your business, but first let’s explore some examples of exactly what kind of “emergencies” may hit your business.

What Disasters Might My Business be Exposed to?

If your business has a physical premise and is located in an area at a heightened risk of being hit by a natural disaster, then such catastrophes should be high on your priority list when it comes to emergency-proofing your business.

There are many parts of the United States which are exposed to various different perils. For example, Tornado Alley is often hit by tornadoes and other extreme weather conditions, while parts of Florida are vulnerable to flooding and hurricanes, especially during the Atlantic Hurricane season (which runs from the start of July until the end of November.)

California is another vulnerable State, as large swathes of it are exposed to wildfires and are somewhat prone to earthquakes.

Countless other parts of the US are exposed to other perils – and even if you don’t live in an area which is frequently hit by extreme weather or a natural disaster, it’s still important to do everything you can to ensure your business can survive and continue to operate should one strike.

The Importance of Contingency Planning

It’s impossible to remove the risk of a natural disaster or a bout of extreme weather, but there are many things you can do to help mitigate the risk and potential damage your business may incur in such an event.

Contingency planning is key when it comes to emergency-proofing your business. You should develop various continuity strategies for different scenarios to help you deal with the physical and financial damage of a disaster.

For example, you should equip your employees with remote working capabilities to ensure your business can continue to function – in some capacity at least – even if the premises sustain significant physical damage. Obviously, this doesn’t apply to many businesses (such as restaurants and stores), as remote working simply isn’t an option, but for others it’s definitely worth consideration.

Reviewing your insurance policy and ensuring you have adequate coverage in place is also very important, as solid insurance coverage is often the only lifeline available to small businesses which have been devastated by a disaster.   Do not for get about business continuation insurance, as such policies typically “motivate” insurance companies to quickly get a firm “back on its feet”

Repairing the Damage

If your business is unfortunately hit by extreme weather or a natural disaster, your priority will be getting it up and running again as soon as possible.

So, you’ll urgently need to get the premises repaired – either via an insurance payout (if your policy covers the type of damage sustained), via your own capital, or through some type of business loan that you qualify for.

Whether you are in a flood plain, tornado alley, or on top of a fault line, having an emergency contingency plan regardless of where you live and/or operate is paramount. If the pandemic situation has taught us anything, it’s be prepared for anything! This definitely comes into play even more when you’re trying to sell a business. A potential buyer wants to see that you’ve dotted your i’s and crossed your t’s.

About A Neumann & Associates, LLC

A Neumann & Associates, LLC is a professional mergers & acquisitions and business brokerage firm having assisted business owners and buyers in the business valuation and business transfer process through its affiliations for the past 30 years. With an A+ Better Business Bureau rating, the company has senior trusted professionals with a deep knowledge based in multiple field offices along the East Coast and has performed hundreds of business valuations in its history. The firm’s competitive transaction fees are based on successfully completing transactions. For more information, please contact A Neumann & Associates at 732-872-6777 or

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“I had been in touch with Karin and Gary from A Neumann & Associates regarding some opportunities and was looking forward to meeting with them. Hence, when they organized a seminar in Princeton, NJ, I was quick to sign up. The seminar was very informative as the team walked the attendees through various scenarios and referenced real life buying/selling situations they had been through. The sessions by Gary, Karin and Achim were crisp and focused and brought clarity to potential seller and buyers. I strongly recommend the team and look forward to continue working with them.”

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“Thank you for your Event on "How to value, Sell, and Buy A Business for Maximum Profit" and the insight into ANA’s approach on what is involved in the Business Exit for sellers. Garys Hervieiou's "Business Valuation", Achim's "Deal structure" presentation and Karin’s "Preparing the Package" are real street knowledge shared. They answered attendees questions which makes it more interesting for learning from others. Great for small businesses like us. The presentations were totally worth our time and travel for the event to Princeton, NJ from Rockville MD. Ravi Bhutani, President, CIPS”

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Srini Mudambi

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Colby Harris, Co-Owner, Del Mar Designs

“Claus Madsen thoroughly helped us with selling our company. From the 1st introductory meeting explaining to us what was possible, to providing us with resources to assist with the sale. Claus was invaluable throughout the whole sales process. Claus was with us every step of the journey and always made himself available for any questions or issues that came up along the way. If you are interested in selling your business, I encourage you to reach out to Claus and the ANA team so that they can let you know what’s achievable. These guys will make it happen!”

Ron Harris, Co-Owner and Vice President, Del Mar Designs
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