Most businesses consider the ‘what if’ scenario but how many of us really have a back-up plan? This was brought to my attention recently and it made me think about the fact that there are a lot of ‘what if’ or ‘threats’ to my business.
I guess being a positive person, I try not to think about the negatives or the things that could happen because I am trying to look at best case scenario but in this case I need to consider what happens ‘if’ and work out what my back-up plan should be.
For some businesses there are scenarios such as what happens if – I can’t find enough clients, the company I use to source my key ingredients goes out of business, my leasing costs increase and I can’t cover those payments, my products aren’t selling, there is a fire in my office, I lose my biggest clients or my computer crashes?
Being a virtual assistant means that I rely heavily on a good internet connection and obviously need electricity for my business to function. So I have had to consider what I would do if these things failed. After much thought and a little panic about how the situation could go, I have worked out a back-up plan. Once you break it down you can usually think of a solution for the 'what if'. For example, I know that if my computer crashes I have a back-up because I back-up my computer regularly, all of my client work has been saved in the cloud so I have not lost any of that either.
Another reminder about having a back-up plan came during the last storms. I was lucky that I was not affected by power outages and telephone lines that were down due to the storms. However, I know of other virtual assistants that were affected and it had a huge impact on their business. Again, alternatives had to be found. Luckily for most of us we still have our mobile devices and we can still access our contacts, emails and stay in touch with our clients. There are places that have back-up generators and power and there is always a coffee shop or a library not too far away that will have access to Wi-Fi to ensure that we can continue to work.
So if you haven't started working on your back-up plan then now is the time to start! Start thinking about some of the threats to your business. Is your CRM updated and in the cloud? Have you researched a back-up supplier for your key products? Are you spending enough time on your marketing or your social media presence?
What if you are spending so much time trying to do everything yourself that you don’t have time to focus on what you do best? This can be a major problem for a lot of businesses! Outsourcing can be a great way to manage those tasks and give you more time to do what you do best in your business. Talk to us about how we can be part of your back-up plan!
So have you got a back-up plan in place? What are your major ‘what if’ scenarios?