NORWICH – Failure to adequately plan for the death, disability or retirement of a key person can be the kiss of death for a business. Proactive planning can make the difference in whether a business can survive one of these challenges, according to a presentation given by M&T Bank’s Administrative Vice President Stephen Meyer recently in conjunction with Commerce Chenango.
Called businessKillers, the presentation highlighted six common mistakes made by businesses which can threaten the future of a company. By using short video vignettes, the program “brings emotion” to these topics which are relevant to all businesses, Meyer explained.
“The whole point is to dramatize … things that kill businesses,” he said, as he shared businessKillers with members of the local business community.
According to Meyer, M& T Bank uses the series, produced by Lighthouse Strategic Projects Group, throughout the six states in which it operates.