Emergency Planning for Advisors

Matthew JarvisAdvisor Perspectives welcomes guest contributions. The views presented here do not necessarily represent those of Advisor Perspectives.

Emergencies happen both in and out of the office. Here are some strategies to protect yourself and your clients.

When the you-know-what hits the fan, are you ready?

Several years ago, I was in Cabo, Mexico, riding through rugged terrain side-by-side with my friends. Each vehicle had GPS devices.

The guides on our trip told us that if we were to push the emergency buttons in Colorado, we’d be rescued by helicopter within 10 minutes. But in Cabo, we might as well smash the button with a hammer for all the good it would do us. No one would be flying to get us if we wrecked.

If something terrible were to happen, we’d be on our own. We had to ensure we had the equipment and know-how to act if things got messy.

Nobody wants to find themselves in an emergency, but they happen. Let’s look at different ways to be more prepared both in and out of the office.

Creating a crisis-management mindset

Before emergencies happen, both in your office and personal life, you can find yourself trapped in two different illusions. The first is believing that you’ll know exactly what to do in the heat of the moment.