A small business can be negatively impacted by all sorts of changes or events, from natural disasters to entrance of new competitors into a market. A contingency plan is a document that outlines how a ...

Every business depends upon certain "givens," which range from retaining key personnel, to emergency planning, to credit arrangements. But what happens when a relatively young CEO is killed in an ...

Since business plans can never foresee all eventualities, good planning provides for contingencies to address unexpected events. In marketing plans, projections for sales, revenue and market reaction ...

Construction risk management is a process of identifying and evaluating the unique risks that each project presents. Crucial to the evaluation is developing methods to mitigate the impact of risks to ...

Business leaders don’t want doubters in their organization, for fear that workers won’t advance the leader’s plan if they consider the possibility of failure. This is probably the chief reason that ...

The risk of an economic downturn is high, with economists surveyed by The Wall Street Journal estimating a 61% probability of a recession beginning sometime in 2023. Business contingency plans for ...

The novel coronavirus pandemic has affected the way people operate. With almost all US states declaring states of emergency, a national emergency, and more than 4,700 confirmed cases of COVID-19 and ...

Opinions expressed by Entrepreneur contributors are their own. This year’s flu season is hitting the U.S. harder than normal. All those coughs and sneezes could put the brakes on your company’s ...

If anything, tariffs and the coronavirus pandemic have taught purchasing personnel that sourcing strategies need to include some sort of fallback plan. In other words, OEMs shouldn’t be putting all of ...

Much of the federal government is funded by 12 annual appropriations bills. The federal fiscal year for 2024 (FY 2024) begins on Oct. 1, 2023, and if appropriations bills have not been enacted before ...