Every system needs a contingency plan. An idea and outline of what to do and what measures to take, in case disaster ever strikes! A business plan is a contingency plan for a business in case of major problems.
Small businesses can be hit very badly in case of a disaster. They might not have a large security blanket and it is always important to know what steps to take in the event of a disaster. It is not exactly an exit strategy but more like a ‘things to do’ list to salvage the business and its employees.
Disasters can mean anything from natural disasters, accidents or even terror strikes. In today’s world, unfortunately, there is long list of possibilities. On the bright side, one can plan ahead and be prepared. (more...)