As an entrepreneur, we always plan for the best, but we need to be prepared for the worst. In this episode, I go over a 5 step plan that I use to build contingency plan in the key areas of my business (including technology) and discuss how you can apply them to small and large-sized businesses.
0:42 Setting up and building contingency plans for your business
02:37 The cool tech of the week: Dropbox Paper
06:50 How to build Contingency plan for your business
10:27 Infrastructure touch points in environment that levers technology
10: Help systems
12:28 How exposed you are to the technology standpoint in your business
15:23 The Con of using the technology and its contingency
22:34 Approach to Contingency Planning
22:56 1. Prioritize the risk
28:59 2. Look at your priority list and think about how can the risk be reduced
31:34 3: Timeline and trigger points
33:16 4. Communication plan
37:18 5. Maintain the plan
Thanks for listening and checking out the show notes, any feedback, comments, or questions, send me an email at [email protected]
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