Sick as an Entrepreneur? This is Why You Need a Plan B!

In the beauty industry, you’re not just an expert in your craft; you’re also a business owner with a packed schedule and clients who depend on you. Running a busy salon, working long hours, and constantly striving for perfection can take a toll, especially during seasons when colds and the flu are common. Yet many entrepreneurs push through, even when their body is begging for rest.

But what happens when you truly can’t keep going? What if you face a prolonged illness or an accident? These are scenarios we’d rather not think about, but as an entrepreneur, they’re essential to consider. Having a Plan B isn’t just a smart move—it’s critical for your well-being and the continuity of your business.

Why Entrepreneurs Don’t Give Themselves Permission to Be Sick

As a beauty professional, you carry a lot of responsibility for your clients and your business. No work often means no income. When you’re sick, appointments need to be rescheduled, and clients might turn to competitors. This makes it tempting to power through with a pack of painkillers and vitamins.

The result? You recover much more slowly and risk passing your illness on to your clients. While you might stay productive in the short term, you do so at the cost of your health and the long-term stability of your business.

The hard truth? Illness can happen to anyone, even you. Without a safety net, you could put both yourself and your business at risk.

How to Prepare: Options for a Plan B

A solid Plan B allows you to be sick temporarily without falling into financial trouble. Here are some practical ways to protect yourself and your business:

1. Savings for Short-Term Illness

Set aside a portion of your income each month for emergencies. Having a financial buffer to cover at least three months of fixed costs and essential expenses gives you breathing room during short-term sick leave.

2. Disability Insurance (AOV)

Disability insurance can serve as a safety net if you’re unable to work for an extended period. There are several options to consider:

• Traditional AOV: Coverage depends on the type of disability (general work, suitable work, or your specific profession).
• Budget AOV: A cheaper alternative, but benefits are only paid out for severe illness or injury. Be sure to understand what qualifies as “severe.”
• Collective AOV through industry organizations: Often more affordable than individual policies. Check if your trade association offers this option.

3. Temporary Financial Assistance (BBZ)

If you lack savings or insurance, you may qualify for assistance through the Self-Employment Assistance Decree (BBZ). This can include an interest-free loan or income supplement to help you bridge a period of illness or financial difficulty. For more details, visit the Dutch government’s website.

Hidden Risks

Many entrepreneurs underestimate the likelihood of illness, especially when they’re young. However, for 30% of business owners, disability becomes a harsh reality. Insurance companies may charge high premiums or even deny coverage if you have a medical history or are older.

By delaying preparation for these risks, you leave yourself vulnerable when illness or injury strikes. Ensure these factors are part of your cost calculations and financial planning.

Prioritize Your Health and Future

As a beauty entrepreneur, you invest daily in helping others look and feel their best. But remember, your business can only thrive if you stay healthy and are prepared for the unexpected. Create a Plan B, build a financial buffer, and explore insurance options. Both your future and your business will thank you.

Tip: Start today by researching your options. It’s an investment in yourself and your business’s success.

Questions about creating a Plan B?
Feel free to reach out or share your experiences. Let’s work together to ensure your business keeps shining, even in tough times!