What Could Derail Your Business?
Constant changes is a fact of life, and sometimes changes can take unexpected turns. Therefore, from time to time it is worth considering what might have a significant detrimental effect on your business. My suggestion is to get a group of people together – it could include people from the business but also include some independents, for example My Sherpa members – and look at what could affect your business.
Think about various effects – for example changes from markets, customers, competitors, suppliers, the environment etc. Where is your business most exposed? What preventative or mitigating actions could you take? What aren’t you doing that you should be doing? What opportunities might there be?