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Posts tagged with "crisis"
CRISIS: How to Survive an Economic Recession
As a small business owner, it's important to be prepared for any potential economic downturns. While it's impossible to predict exactly when a recession will occur, there are steps you can take to financially prepare your business in case of an economic recession.
CRISIS: Transitions of Leadership During Times of Crisis
As a business owner, it is natural to feel a sense of responsibility and ownership over your company. However, life events such as illness, injury, loss of a loved one, trauma, or other unforeseen circumstances can sometimes require taking extended leave from work. While it may be difficult to relinquish control, it is important to have a plan in place for delegating tasks and transitioning power to ensure that your business can continue to run smoothly during your absence. Here are some tips on how to effectively delegate and handle transitions of power as a business owner facing a life event that requires extended leave from work.
CRISIS: Navigating a PR Nightmare
A public relations (PR) crisis is a situation that poses a threat to the reputation or image of a company or organization. It can be caused by a variety of factors, including negative publicity, legal issues, or customer complaints. When a PR crisis occurs, it is essential to respond quickly and effectively to minimize the damage and protect the company's reputation. Here are some steps to follow when responding to a PR crisis: