Your business tip today comes from learning from someone else’s worst nightmare. It was a little after four yesterday afternoon I got a text from a good friend that said “Anchor Lumber is burning down at this very moment. Crazy!” Well I had to see for myself so I headed down there a couple times and sure enough the building was pouring out smoke so thick you couldn’t even see all the fire trucks. You could smell it from half a mile away. Five fire departments responded with over 10 trucks.
The scene this morning when I drove by didn’t look very promising. Still one fire truck on-site, some heavy equipment moving rubble, and restoration companies boarding up what is still standing. Thankfully nobody was hurt.
The interesting part of this is that I called another friend who used to work there and asked him what he thought about the workers not having a job anymore. His response shocked me. He stated quite confidently that he bets that they will all have paid vacation until something is figured out.
Regardless of whether he is right or not, think about that. Can you business survive a catastrophe like this? Do you workers have so much confidence in the business that they wouldn’t be worried? You need to plan for the worst.
Here are a short list of things you need to have contingency plans for and that I will once again be looking over in my business.
Illness and hospitalization
…and of course a ton more.
I don’t want to scare you but you will sleep better at night knowing you have a plan.
Profit 911 Business Consulting