I asked ChatGPT to define the term Small Business Continuity. The answer may surprise you as much as it surprised me...
While getting run over by a reindeer may be low on the threat list to your small business, the analogy is apt in that MANY things can go wrong during the holiday season that can affect any businesses, small or large. This time of year, businesses need to be especially wary of and prepared for threats that may cause a disruption and have plans in place to minimize the impact as much as possible.
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.
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.
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.
PLAN AHEAD, SAVE MONEY, SAVE YOUR BUSINESS
Having a resiliant business is about more than just having a business continuity plan.