When you’re a business owner, you can’t afford to get sick or hurt. But unfortunately, just because you’re in charge of running a business, that doesn’t mean you’re immune to health issues. Knowing how to respond to this kind of unfortunate circumstances could save your business.
Four Tips to Stay Up and Running
It doesn’t matter who you are, how big a company you’re running, or how vital you may be to that company’s daily operations and long-term success; you aren’t invincible. If you run a company for any period of time, the odds are that you’re going to suffer sickness or injury that prevents you from handling your responsibilities.
With any luck, these will be small bouts, but you’d be smart to know how to proceed for optimal efficiency, productivity, and profitability. Here are some tips to keep you going when the going gets rocky:
- Get the Right Help
Before you can focus on anything else, you should get the care you need for your medical issue. If it’s a temporary sickness, such as the flu or a stomach bug, you’ll likely need nothing more than the proper medicine and lots of rest.
If it’s a more serious issue, you might also require some legal assistance in order to settle the matter completely. Consider a vehicle or motorcycle accident as an example.
You don’t want to be vengeful or greedy, but getting the right help can mean the difference between having to file for bankruptcy and getting the necessary financial assistance to get back to work.
- Understand What You Can Do
Be realistic with yourself with regard to what you can accomplish. Different injuries and illnesses place differing restrictions on you. Avoid overdoing your response and focus on working within your limitations.
Going back to the previous example of an auto or motorcycle accident, there’s a difference between a broken arm and a brain injury. With a former, you can probably return to work fairly quickly and simply take matters a little slower.
But with a brain injury, there’s no way you can return to work without receiving clearance from your medical team first. Understand what you can do and avoid moving too quickly.
- Be Open and Honest with Clients and Stakeholders
Honesty is always the best policy when it comes to employees, clients, and other key stakeholders in your organization. Trying to cover up your condition doesn’t do anyone any favors.
In fact, it can often hurt relationships and lead to further problems. Though you could be hesitant to discuss your condition, it’s better to let others in. You’ll find that most people will be readily understanding, and some will bend over backward to make things work in your absence.
- Invest in Disability Insurance
If you’ve never suffered an injury or illness, but reading this article might inspire you to consider the possibility, the best precautionary action to take would be to purchase disability insurance. “A disability policy protects your ability to earn income,” entrepreneur Donita Leeson explains.
“Most policies don’t cover your entire monthly income, but typically pay between 50 and 70 percent of your salary for a pre-determined period of time. Most policies have a set definition of what qualifies as ‘disabled,’ which usually includes conditions like cancer, long-term injuries, heart attack, coronary artery disease and debilitating back pain and problems.”
Don’t Let Health Issues Hold You Back
Health is anything but certain. You can be fine one day but become incapacitated the next. Although you can’t control your health, you have some control over how effectively you respond to unexpected sickness or injury by setting up the systems and protections that will enable your business to operate even while you’re away.
Be smart and devise a plan before it’s too late to act.