Emergency Planning for the Solo Entrepreneur: Back Up Your by Kathryn Hack

By Kathryn Hack

The demanding situations dealing with a solo entrepreneur while calamity moves are specific within the realm of catastrophe making plans, and the one potent technique for fighting a company failure after an unforeseen significant setback is have a essentially thought-out emergency backup plan. This publication publications you to being 100% prepared for the worst-case scenario.

  • Asks a serious query: "How ready is the typical solopreneur to resist a unexpected quandary, like a major scientific emergency?", addresses the most probably results of being unprepared, and offers a pragmatic technique for development an emergency backup plan
  • offers suggestions for selecting anyone or crew of individuals to right away step in and deal with the company in the course of a crisis
  • Stresses the significance of establishing a entire conversation plan that serves to maintain humans proficient on a regular basis
  • deals details for retaining pcs and different important apparatus in reliable operating order and guarded from cyber attacks

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Extra resources for Emergency Planning for the Solo Entrepreneur: Back Up Your Business--Before Disaster Strikes

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Now she could begin to enjoy the fruits of her labors. But for how long? Jill had a history of health issues, some resulting from a serious car accident where she broke her back and another from a fall when she badly crushed her foot and broke her ankle. According to Jill, she wasn’t getting any younger—and her teenage daughters could benefit from a legacy, if she started now to position the business for a buyout. In conversation one day, I asked Jill if she had someone who could manage the business if she became incapacitated again.

Jose´ rose to management for a large corporation, but he began as a solopreneur. I will never forget lessons I learned from Jose´—especially about being organized. This discipline became the single-most important factor in any success I would ever achieve, whether managing international conventions or starting my own small business. When did I slip and fall into believing I was immune from potentially disastrous events? Why, after so much effort to create something of my own, did I neglect to plan for a time when I might not be around to guide it?

Policy is like government; you can have too much of it; and in both cases, less is more. Basically, rules are needed to minimize errors, maximize efficiency, insure proper and timely communication, and keep clients satisfied—while meeting profit requirements. If your business has employees, they need to know the rules. Issuing company policy in the form of an employee handbook will ensure that everyone has the same information. The same holds true for your emergency backup team. They need to know the rules, and will benefit from such a handbook.

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