contingency planning Archives

Pre-COVID. Boss to Employee: “We don’t have time to plan right now — we need to get work done.

Post-COVID. Boss to employee: “We need to plan right now, or we won’t have any work to get done.

Planning…

That must be one of the scariest words in the Business Dictionary.

Why?

Because, so many shy away from it.

By this Friday, we are expecting it to start raining here in San Antonio TX. It’s forecasted to rain for the next seven days.

That means flooding.

I turned to my wife last night, after looking that the weather report, and said, “We’ll need to get the Flooding Checklist out.”

Is just one of our ‘plans’ that makes sure we are as prepared for the worst as possible.

You do that when you run a business. Ours is a 100-acre horse farm with 40 horses on property.

We didn’t have a “Pandemic Checklist.”

But, almost three months ago, we did pull out our Disaster Preparedness Plan and developed a list of actions.

These actions kept our business moving forward and helped since I was laid off on April 20th.

Did you plan for COVID?

Were you ready for COVID?

What are you doing Right Now about planning for the next crisis.

#success #incubator #business #coaching #consultants
#planning

Contingency Planning

How important is disaster and contingency planning for your business … now? 

In 2016, my wife and I opened our horse farm. We also started an equitherapy-for-vets nonprofit.

One of the requirements for accreditation of the nonprofit was to establish contingency plans to mitigate potential risks.

After 21 years in the military and 7 years as a war planner, I fully understood the importance on risk mitigation through disaster and contingency planning.

Even though we’re a small business, we have plans in place for Flooding, Freeze, and Fire. The Flooding and Freeze plans have been used every year since we opened.

We never imagined that Pandemic would be on the list!

However, what we found is that we were able to pull out our plans and were able to quickly pull key aspects of the existing plans to create a quick response to deal with this crisis.

Did your business have any formal contingency plans going into this? Have you ever considered business risks and devised mitigation strategies.

No one could have planned for a Pandemic, except maybe the World Health Organization. However, planning is still quite important.

If you don’t have any contingency planning, what are you going to do about it today?

#success #incubator #business #coaching #consultants