What Are The Problems Created By The Death Or Permanent Disability Of A Keyman
a) Costly Interruption Of Business
b) Loss in Profits
c) Replacement Of Keyman
d) Threat To Business Credit
e) Loss of confidence by Employees, Customers & Suppliers
f) Financial Credibility Loss ( No confidence by financial providers-banks, finance companies & others financial institution)
Who is the Key-man ?
" Keyman" refers to the person that has the expertise to generate profits and success to a company . In common language, it is said that the person had the skill, the reputation and the brains that makes the wheel of the company spinning, thus making huge profits for the company.
The loss of the keyman by means of death or permanent disability will create a loss of expertise and the disruption of company's success.
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