The frightening events of yesterday in Great Britain should serve as a reminder of what can happen during a time of war. I have made many entries that highlight the importance for small businesses of being ready for the next time terrorists hit. As most experts reminded us yesterday, it is not a matter of if, but when. Here are a few of the points I have made in the past that any small business should keep in mind:
– Have a disaster plan in effect. Whether it be terrorism, hurricanes, earthquakes, or whatever, be prepared with a plan. It can make all the difference for you and your employees and for your business.
– Implement a security plan.
– Manage your cash, debt, inventory, and overhead carefully. Be flexible in all of this and have contingency plans ready.
Remember that entrepreneurs are the economic foot soldiers in this war, and it is a long term commitment. Remember the words of Winston Churchill, “You do your worst, and we will do our best.”
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