People get sick. People die. People quit. Every company has one or more roles that just HAVE to be done every day. If the person doing that job now were to suddenly not be able to perform, it could be disastrous. A pre planned Succession Plan is your insurance against a major disruption when the inevitable occurs. But you don't need to hire a fancy lawyer to put something simple in place. This easy DIY succession plan guide can help you quickly get SOMETHING in place when the unthinkable happens.
The 2022 America's SBDC Conference featured over 1,500 small business advisors from every state in the US. From the workshops to presentations to vendors and more, there are some emerging trends that I observed while attending this conference.
A growing business is a good thing, but the pains of growth can be challenging to manage. With the proper planning and tactics, you can successfully expand your business and weather the bumps along the way. Deciding how and when to scale your business is the first step.
Every company will get hit at some point, whether it is from a natural disaster, cyber attack, fire, flood, major equipment failure or human factors such as human error, civil unrest, sudden loss of key personnel or internal theft. How prepared you are for that punch and how well trained you are to deflect the blow can mean the difference between a black eye and a match ending KO. Here are 8 warning signs that you may not be as ready for Iron Mike as you think.
Large businesses with multiple locations across several or many states have the resources available to more easily absorb the impact from a major storm. But small businesses are often left with limited resources and support to prepare for and recover from disruptions. In this article, we offer resources and tips on preparation and recovery for small businesses BEYOND plywood and sandbags.
If you haven't heard, Tempest President Andy Ziegler will be presenting workshops on business continuity, small business operations and hybrid work at 2 separate conferences in September 2022. If you are attending either conference, make sure to sign up for a Tempest Workshop!
A basic business risk assessment guide
Reputational risks are unavoidable. Reputational damage is. And when issues happen despite all of your best efforts to run the perfect business, you have many options available to reduce the damage done. But the worse thing you can do is ignore it and hope it goes away. “No comment” has killed many businesses, don’t let yours be next.