Business Contingency Plans

Most small business owners do not have contingency plans written down or even considered. But things always seem to happen when you don't expect them or are prepared for them. Maybe it's time to consider what you would do if:

.Your business building burned down
.Sales suddenly dropped 50%
.A key employees left or died
.A main supplier closed down
.You got sick & could not work
.All your employees walked out
.A big competitor cut prices 50%
.Bank called your loan/credit line canceled
.All your computers crashed
.Another 911 occured
.You got windfall business

Be prepared before it happens and you will recover much faster. Share your plans with another person in case you can't get started right away.