How Does a Business Bounce Back From Adversity?

If you’ve ever tried to run a business in the past, then you’ll know the struggle that’s involved with trying to keep yourself afloat. So many things can go wrong. For instance, you could discover that your business is failing because a new competitor has appeared that promises more than you can offer, or maybe you have a disgruntled employee toying with your business’s reputation in secret. Maybe there’s a storm brewing on social media that is dragging out your company for criticism, or maybe there’s a literal storm coming your way that could shut the power out of your office.

Whatever the situation may be, it’s important to learn how to bounce back from tough situations. To help you out, here are a couple of useful tips to follow.

 

Have a plan ready

 

When misfortune strikes, you want to be ready and waiting so that you can get your business up and running again as soon as possible. For instance, if your company makes regular use of its own transportation vehicles, it might be worth having a fuelbox on your premises to act as a fueling station for the vehicles. This is usually cheaper than filling up the tank at a commercial petrol station, and it’s far more efficient because your drivers won’t need to make a stop at another location in order to get fuel. If you want to take this a step further, then you can also apply it to other parts of your business. For example, if you have a lot of computer hardware in your business, then you might want to consider befriending a local computer repair store that is willing to visit your location to perform on-site diagnosis and repairs. Whatever it is, make sure you have a plan ready for these situations.

 

Have a way to stay in touch

If something horrible happens such as a fire tearing through your building or blackout that knocks out the power, make sure you have a way to continue working. Going mobile is one of the cleanest and efficient ways of continuing a business even if the power’s out. You’ll still have access to mobile internet, you can still browse the internet and speak with customers and clients, and your employees can continue working. This is also important for when your employees or other key members of your company can’t come into work, or if they’re away due to an accident. Make sure you stay in touch with your entire companY and ensure you never lose contact with your customers.

 

 

Accepting and learning from mistakes

People always make mistakes, but what we learn from those mistakes and how we deal with adversity is what defines our companies. There are businesses that have gone through hell and back, only to rise from the ashes and become a business worth talking about. Yet there are also some businesses that fall from grace and find it hard to ever recover their former fame. Whatever happens, make sure you learn from any mistakes you made and try not to throw the blame around on others like your employees or competitors. You are in control of your own fate as a business owner, so you need to learn how to bounce back from adversity.

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Posted July 6, 2017 by Ben Martin - Social_Ben in category Business

About the Author

I am a gadget man, a film lover, Husband and proud father and not least proud to be an IBM'er. Currently working across the globe helping seller to create better connections with clients through the use of Social Media. Please feel free to contact me if I can help I will. (my opinions are of course - my own)

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