Small Business in a Big World

September 9, 2010

Small Business and Crisis Planning

Filed under: small business,Uncategorized — itbiznez @ 11:04 am

[tweetmeme source=”LilBizBigWorld” only_single=false] There are potential disasters that every entrepreneur needs to be aware of and prepared for. There are numerous ways that disasters can affect your small business. One cannot tell whether a disaster or a crisis is imminent but once it does happen, you should be able to know how to handle it by thinking of crisis planning strategies.

As a small business owner, you need to set up a plan for every scenario, be it good or bad. For example, nobody had an idea that there would be a BP oil spill and yet it happened. For businesses without a sound crisis planning strategy, disasters such as the BP oil spill would spell doom. You need to be prepared for unforeseen events that may have an impact on your business and your employees so that you can resume normal operations for your business at the least amount of time needed and also for you to be able to forecast your revenue if a disaster might happen.

If you do not have a crisis management strategy in place yet, now is a good time as any to set one up. There are different disaster management tips from SCORE which are helpful for small business. Every business goes through a crisis at some point but the importance of being prepared for it is that your business would not suffer that much from it.


1 Comment »

  1. Absolutely pent subject matter, regards for selective information .

    Comment by Glenn Nowley — January 5, 2012 @ 2:27 am | Reply

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