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What is Your Plan?

Ouch


Plans

I don’t have a plan.  I make a business plan every year, and I create a budget and a marketing plan.  I even have a plan for recovery if my computer fails.  My blogs are backed up and I have a copy of my web site. I have a spare phone that I can use if mine should break.

There is one thing that I don’t have a plan for and it makes the rest of my plans useless. I am a sole proprietor and I work alone, not on a team.

On the job injuries

If I were to become injured on the job I don’t have a plan for how I would continue my business or how I would earn an income if I were to become disabled for a few weeks or months.  Since I know that nothing bad can happen to me it has not been a concern.

Last week I fell on the ice while on the job. It was a hard fall and I was injured but it could have been far worse and I am lucky.  I am still able to do my job but it is painful, tiring and slow at times.   If there was another way I wouldn’t be spending as much time on my feet.

I slip, I fall I am unemployed

This post doesn’t supply any answers or make any suggestions. I just want everyone to think about what they would do if they were temporarily disabled and unable to work. How would the bills get paid?  I hope everyone has a plan that is better than mine.  My plan is to work until I die and let someone else worry about it when I am gone. I am of course kidding, I don’t even have that much of a plan.

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Written By

Full time REALTOR and licensed broker with Saint Paul Home Realty Realty in St. Paul, Minnesota. Author of StPaulRealEstateBlog.com, Columnist for Inman News and an avid photographer.

9 Comments

9 Comments

  1. Carson Coots

    February 11, 2009 at 7:37 pm

    Technically, you probably could make a good living this day in age exclusively from a computer. I get scared about losing my eyesight or hands though.

    Either way what a bummer reminder – thanks debbie downer!

  2. teresa boardman

    February 11, 2009 at 7:45 pm

    Carson – you must have a plan then?

  3. Carson Coots

    February 11, 2009 at 7:58 pm

    Gulp – no.

  4. Larry Yatkowsky

    February 12, 2009 at 10:28 am

    T.
    This topic extends to the issue of estate planning.

    Passwords, web accounts, and more need to be recorded and kept safe. While we carry most of these and PIN numbers in our memory few executors have the ability to retrieve that information if it is not recorded.

    A further concern is that blogs may have “lasting” value, especially if you are running ads that generate revenue. Have you planned for this and is there someone prepared to assume and maintain that value for it’s continued financial benefit?

    Elvis may be dead but the estate still makes millions.

  5. teresa boardman

    February 12, 2009 at 2:11 pm

    Larry – funny you should mention that. I have some domain names that are worth some money and I know that the blog is too. I actually do have a bunch of information in a safe place for my daughter as she would be the best able to handle it all.

    As for all the other items you mention it is all taken care of.

  6. Erion Shehaj

    February 12, 2009 at 9:42 pm

    The plan could be to document your way of doing business along the lines of the E-Myth idea and hire people to perform the functions you would. But of course, you’d have to WANT to go that route 🙂

  7. Cindy Florine

    February 14, 2009 at 7:26 pm

    Does your company offer any insurance/disability plans? Does NAR? Do any Realtors have affordable insurance (other than the spouse job coverage)? If you do let me know!
    Would it be bad for your company if they lost your production……
    I worry about my plan every day

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