June 25, 2010 – Westfair Online – Josh Slavitt - NY, USA
The Gulf oil spill, the floods in Nashville, the series of tornados that cut a swath of destruction through the Midwest not long ago and the recent storms that disrupted power for weeks in the Northeast all underscore one thing: While it’s essential to have a business plan, it is equally important to plan for special situations that can lead to business disruption and potentially significant financial losses.
It doesn’t matter if you’re a sole proprietor or a multinational corporation – as BP is learning the hard way – you’ve got to be ready when it’s not “business as usual.”
The importance of having a business plan is not lost on savvy employers, but a company must also take into account potential business disruption, natural disasters and even employee injuries as part of the planning process. These unforeseen “special situations” happen outside of your normal scope of business.
Here are some basic tips for making sure you don’t end up on the wrong end of a special situation: Read Tips.
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