DEXTER, Mich. -
June 27, 2021 -
PRLog -- Business coach David Waymann advises small business owners to include contingencies in their strategic planning.
Unexpected challenges can be catastrophic, but preparing for the worst while expecting the best:
- Demonstrates respect for employees and/or investors
- Minimizes loss
- Prevents panic and decision making based on emotions
How does a business owner plan for unpredictable events? According to Waymann, by planning broadly for change instead of specific situations. Planning and preparing are only the first steps, however. Business owners must be constantly assessing threats and be prepared to act. Having a plan already in place puts the business in a good position to face whatever unexpected challenges arise.
Situations to consider might include:
- Who takes over in a personal emergency
- How to adjust business operations for family changes
- How to respond to property management or landlord issues
- Steps to take in an economic downturn
- Disaster response
Planning for the safety and economic stability of employees, restoration of critical resources or operations, and chain of command for recovery operations is critical. Knowing what to do during an emergency, and who will do it, can help minimize the impact on the business and employees.
About David WaymannDavid helps business owners plan for success — and for the unexpected. He is an accomplished and experienced business professional who brings over 40 years of insight to the table. As a business coach, he specializes in helping business owners prioritize their business needs, identify areas of improvement to support those needs, and lead their business to its greatest potential.
Call 734-726-5208 for a free coaching session or contact David through his AdviCoach of Southeast Michigan website at:
https://advicoach.com/southeastmi/. In today's world, you need to be ready for anything.