Business Recovery Plans: Keep Today’s Position Separate From Tomorrow’s Goal

Maurice Piper describes hopes for rebuilding his business and eventually selling it. Those ambitions are a valuable part of his story, but they are different from a completed result.

The source is the G&M Fish and Variety interview and full transcript.

The client’s words

“my focus is to try to build it for another 2 years”

This excerpt is from the supplied interview. The complete transcript on the original review provides its surrounding context.

Use two sections in a planning note

Record the present position in one section and the owner’s future goals in another. Include the source of any confirmed figure and label a projection as a projection. This makes it possible to discuss a recovery plan without presenting hoped for income or a future sale as money already received.

Questions for the future plan

• What is true about the business today?
• Which assumptions support the future goal?
• What would need to happen before the goal becomes a result?

Keep the answers connected to the actual records and circumstances being discussed. Where an answer is uncertain, mark it as a question to clarify rather than supplying an assumption.

Return to the original story

The original G&M Fish and Variety interview explains why those plans mattered to him. The article preserves their meaning by keeping them as plans.

Watch the interview and read the full review.

Source: the linked client interview. This is a company selected testimonial. Discussion questions do not establish a result for another business.