Preparation is Key to Managing Crisis for Small Business Owners

Posted by AngelBiz under Management
From http://www.smallbizviewpoints.com 4085 days ago

How you prepare in advance determines if small business owners can navigate crisis successfully. Learn how you can prepare yourself for crisis.

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Comments

Written by BizRock
4085 days ago

Really very helpful article. Thanks to give useful information about managing crisis for small business owners.

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Written by HeatherStone
4085 days ago

Hi Harry. I think one of the important things to remember is that being prepared for a crisis is literally the art of being ready for the unexpected. If this sounds like a contradiction in terms, it isn't. If it were really possible to see into the future and prepare for a crisis that has not yet arrived, it wouldn't be much of a crisis at all. I'm wondering if you have some concrete recommendations beyond what's above about how a business leader can start the process of preparing for the worst. It would be great if you could share your thoughts in the comment section at BizSugar for the benefit of our entire community.

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Written by AngelBiz
4084 days ago

Heather - You have raised an interesting point. Preparing for something that you don't know yet does sound contradictory, but it can be and has to be done.

In addition to some of the points I raised in the post here are some additional tips. I believe you need to take 3-step approach 1) Assess 2) Plan 3) Execute. Do a through assessment / audit of your potential vulnerabilities. This needs to include technical, financial, operational and personnel aspects. In the second step document a plan to address these vulnerabilities. In the final step work with internal and external stakeholders to take pre-emptive steps to address them. You will be able to fix some of them and need to have action plan documented to address others when crisis arises.

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