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Crisis Mode

A personal crisis needn't spell disaster for your business--not if you prepare for it.

This story appears in the December 2004 issue of Entrepreneur. Subscribe »

Every company occasionally endures a crisis. But what happens when your dilemma isn't plunging profit margins-but a personal life that's falling apart?

Because you have no idea what type of personal crisis might await you-an ugly divorce, a debilitating disease, an ailing parent-Paul Krasinski, founder and CEO of New York City-based Lion Strategy Advisors, suggests finding somebody now who can cover your responsibilities for at least 20 days rather than waiting for disaster to strike and finding yourself unprepared.

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