As a former Navy Submarine Officer, I remember clearly that we trained all the time, for all types of events and crises. We were as prepared as possible for as many scenarios as we could imagine. But sometimes, new crises presented themselves in ways we had not prepared for fully.
We are living in unprecedented times. Entrepreneurial leaders everywhere are being challenged like never before. As a former military officer and a serial entrepreneur for over 30 years, I have learned the importance of having a contingency plan in place, for scenarios we would prefer didn’t happen, but, especially with the Corona Virus crisis…could.
In my best-selling book, The Second Decision, the Qualified entrepreneur, I have a very hands-on, practical chapter titled: “Crisis Leadership, Contingency Planning and the Reset Button.”
If this chapter could be helpful to you, or to other entrepreneurial leaders you know which are going through difficult times, please email me at firstname.lastname@example.org and I will send you the chapter for free. I want us all to get through these difficult times!
So, what’s your contingency plan if your business takes a 10, 25 or even 50% downturn during this crisis? What are you going to do?