An estimated 25 percent of businesses don't open again after a major disaster, according to the Small Business Administration. While leaders cannot always control or predict how a disaster will strike, going in with a plan can significantly improve your chance of overcoming any crisis.
Preparing for the worst can help businesses be at their best -- this is the advice from top financial leaders in a recent Forbes article on tips for disaster planning.
Focused Energy's founder Andrew Lyon weighed in how to prepare for disasters and unforeseen events:
"Know who you are and what you value and need. It is important that consumers understand who they are and what their 'must-haves' and 'nice-to-haves' are. This means that you need to know yourself, what is important to you and what your values are. This will make tough decisions much easier to make and live with." says Lyon.
Being a business leader is tough -- but you don't have to go it alone. Get FE's tips for navigating risk and finding opportunities or contact us today.