POSTS TAGGED : crisis management

Save Your Business From Financial Crisis With These 7 Tricks

Whether you’re a budding entrepreneur or the mastermind behind a renowned franchise, all companies run the risk of failure, whether it’s due to the economic downturn or a shift in the market.

Business people surviving financial crisis

From successfully managing cash flow to applying for an emergency loan, we’ve rounded up 7 ways you can save your business from a financial crisis.

1. Take an objective look at your business model

First things first: step back and take an objective look at your business to identify the underlying issues at play.

A simple SWOT analysis will help to underline your company’s strengths, weaknesses, opportunities and threats.…

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Be Ready for a Business Crisis

Whatever your business, whether it’s a pet supply store, hardware for barn doors supply store, or a house cleaning service, it is important to set up a crisis management system to protect the lifeline of your business in case of disaster. Your business needs to be ready to withstand it all.

Business team ready to go

Let’s face it. We will always have to conquer tribulations. Something is going to happen at some point in the life span of your business endeavors, which is why you need to prepare and set up a few processes to help you manage any future emergency that could occur.

Ensure Strong Leadership

Strong business leaders build up strong cultures and values within a business.…

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Your No-Nonsense Roadmap to Effective Crisis Management

Sooner or later, every company experiences a crisis that threatens its reputation and revenue, which are of course inextricably linked. For the uninitiated, the experience can be truly terrifying.

Crisis management

In crisis management, as in much else, fortune favors the prepared. Before you get in over your head, follow this crisis management roadmap.

Lay the Groundwork with a Transparent Corporate Culture

While your company’s next crisis remains a gleam in fate’s eye, lay the groundwork for your response with a transparent, forthright corporate culture that respects your employees and stakeholders. The more information you share, the better.

“Understanding that employees want to feel they contribute to their company’s success, it is key that employees be exposed to the company’s strategic goals and objectives,” said Lovell Communications president Rosemary Plorin in a recent Inc.…

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