A small or home-based business is ill-equipped to take it easy during bad economic times, or when faced with a financial crisis. Life today is pressure-packed, more complicated and with more uncertainties than before. How do you plan to not only stay in business but to keep it moving forward if you are incapacitated and unable to work?
You can successfully confront this question if you have prepared for any eventualities, and if you are not, then immediately take the necessary steps to do so.
While planning the business, you should take into consideration the possibility that you will not always be in a position to manage your business. Would you be inclined to engage the services of an assistant, or seek help from kin or do other things you have in mind?
Technological advances make possible the automation and management of business from the home, and you should make the necessary preparation to enable you to do so if the need arises.
Systematize your file and records for easy use in case you need help from other people.
After your business is operational, you should be able to manage your business in various ways during difficult times.
Limit your attention on things that offer the best income potential. You should determine your best productive Single Daily Action (SDA), and take steps to implement it. You kind of business will determine what your SDA will be.
As an example, your SDA will be three additional content pages per day if you are in the website content business. Your SDA as a writer will be five written pages every day. As a direct sales or network marketing businessman, your SDA will be to connect with and talk about your business with five new people daily. If you operate a local service-based business, then you must have as your SDA daily connections to disseminate information about your business, five new contacts daily.
If you are pressed for time for things that need to be done right away, then you should hire the services of sub-contractors. Get help as may be needed!
Put time into your business for development, respite and heart focused networking. You don’t have to go through these times alone as there are people who are more than willing to help you.
As soon as you have weathered the storm, take a much needed rest and refresh yourself. The vacation will go a long way in replenishing your energy and rekindling your enthusiasm, and should prepare to face new challenges with confidence.