August 11th, 2017.

It’s been an eventful year for the UK, and London in particular, with a succession of high-profile incidents reminding us how situations can change without warning. From terrorism to fire, extreme weather to cyber-attacks; it gets you thinking about how your business would cope if it was affected by something similar. Would your staff know what to do? Would you be able to keep trading?

It was this realisation that drove me to start building a contingency plan for my business, The Brew, a chain of five co-working spaces across East London. We’ve grown quickly over the last five years and when that happens, you can end up with a situation where a lot of critical information exists only in your head. As the founder, you always know what’s going on and how to do things, but what would happen if you weren’t there?

Putting a contingency plan in place not only gives you the peace of mind that everything could continue in your absence, or without key members of your team. It also makes for a better run and more organised business. Forcing yourself to have everything documented centrally builds a greater awareness of roles and responsibilities across the organisation, while also making holidays less of a challenge!

For the full story at smallbusiness.co.uk CLICK HERE.