RECOVERY & RESILIENCY PLANNING:
BOUNCE BACK FROM BUSINESS DISRUPTIONS & MARKET CHANGES
Many small businesses, even those that appear to be successful, are one bump in the road away from operational or financial chaos. Many struggling businesses are struggling because they hit that bump in the road and are having a hard time recovering from it. These business disruptions can be avoided or minimized with some planning and forethought about the best ways to respond to a variety of common operational, financial, or market-based disruptions.
This kind of planning takes two forms:
1. Resiliency planning is getting ready for the 'what if' that could happen next week, next month or next year.
2. Recovery planning is for when something has happened, now you need to think through what changes to make to get back on track.
Time is the key factor in this kind of planning; the faster you get the plan completed the better off you are. The longer you put it off, the longer you carry unnecessary risks and the greater the likelihood that small problems snowball into a large problems that hurt your profitability.
Resiliency / recovery planning is also a great way to build, or rebuild trust with a banker or investor, if you have gotten off track or missed payments. By showing them a recovery plan, they can see that you are serious about turning things around.
As a community or financial partner you can help your clients make sure that they have the tools & training to quickly adjust to changing circumstances and develop a plan that addresses the new realities that market disruptions, supply chain interruptions, government interventions or other hard-to-foresee events hand them.
If you know that your business is not ready to handle significant changes to your day-to-day processes, or you are already in trouble because an unforeseen change messed up what was working for you, this is your chance to fix that. Let us help you get back to a sense of peace, and some predictability in your business.