Weathering a natural disaster like a hurricane is no time to let your long-term business strategy suffer. In fact, it's a time to let your clients and partners see how well you can execute. Tips on staying the course against the odds.
When a natural disaster strikes, your business could suffer loss of revenue and even catastrophic end of business events. You may be given a warning about a possible disaster, such as a hurricane that is picking up speed. Other times, you may find yourself dealing with an earthquake, tornado, or some other type of unexpected disaster.
As a business owner – you’ve seen your company grow from a startup, you know how everything runs, where all your staff are during work hours, and you’re on a first name basis with all of your clients.You love this familiarity with your business, and your personal involvement is what keeps it unique, but your time is stretched, and as you continue to grow it becomes increasingly harder to keep track of everything, let alone find time to work on new strategies to grow your business.
An exit plan should be part of any successful entrepreneur’s strategy. Here are 5 top tips to help you build this strategy and sell your business at maximum value.
1. Get your timing right
Growing a company to sell for prosperity is one of the most guaranteed ways to wealth, yet, just like roulette, the odds are stacked against you. Unlike roulette, business owners are able influence the odds.
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In a world in which there is no longer any risk, in which the Fed itself is the Chief Risk Officer of the S&P 500 itself (because either the Fed and central banks will keep on injecting "modest" liquidity and keep rates at zero or below for the indefinite future, or jump right back in with another massive, $1 trillion + liquidity dump the second the S&P dares to suffer a 10% correction), there is no longer any need to hedge as we have shown for the past two years.
Submitted by Charles Kennedy of OilPrice.com Natural Disasters Cost The World $160 Billion In 2012 The world’s largest reinsurance firm, Munich Re, has stated that Natural Disasters alone have cost the world $160 billion in 2012.
The industrial strategy for aerospace has been developed by government and industry. Launched today by Deputy Prime Minister Nick Clegg during a visit to Airbus in Filton, it sets out how they will ensure the UK continues to thrive in the face of increasing global competition and is able to exploit rapid changes in technology.