Preparing for the Unexpected in Business

Episode 5,  Sep 27, 04:35 AM

This week Tiffany shares how her business lost over $300k due to the pandemic and how scenario planning could have prevented this!

In this week's episode, Tiffany discusses the importance of having a scenario plan for your business. What will you do when the unexpected happens? If the past two years have taught us anything, we have learned that you must always have a backup plan.  Scenario plans help decision-makers identify ranges of potential outcomes and impacts, evaluate responses and manage for both positive and negative possibilities

I discuss being proactive vs. reactive, pros & cons of having backup plans, the types of scenario plans, and steps to better scenario planning. Don't miss this episode! 

If you need assistance creating your scenario plan for 2023, register for the next cohort of Dreambuilder Plus: This cohort based program helps women business owners start, grow, and scale their businesses successfully! Tap in now before the next cohort begins.

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