Whilst we still continue to aid business owners when their business experiences a crisis, we can never seem to stress enough the importance of looking at your risks and impact of such risks early (before these impact on your personal life). Preparation in business is as necessary as it would be for a holiday (business plan – check, low debtor days – check), imagine packing your bags just hours before taking a flight – you wouldn’t! So when it comes to your business, why wouldn’t you allow some time to plan for a possible crisis?

Here are a few easy initial steps you can take (with or without a business advisor) to start preparing you for potential impact risks.

• Write down 3 risks you have to your business right now
• Prioritise these risks, which is the worst possible one that could happen?
• What is the solution for each of these for minimal impact to your business

Could you prevent any of these risks? If so how can you do this and then implement that in your business immediately. As business owners ourselves, we have asked the same questions and prepared for the ‘worst case’ scenario. Should you wish to discuss this further, business owner to business owner, reach out today and book an appointment with your advisor before its too late. We have a Better Business program that addresses these concerns.