Crisis management as a small business

How To Manage Crisis As A Small Business

How to manage crisis, explains some key steps that can be taken by a small business owner when handling crisis.

In business, crisis is certain and  most small businesses tend to forget that it doesn’t just happen to the big corporations. 

Crisis can occur as a result of theft, ailments, injury, loss of major customers etc. This can result in a decrease in revenue generation and possible loss, and can render whatever strategy and plan a business owner has futile.

This article covers some very key steps one must take, and the mindset any small business owner must have in dealing with crisis before it grounds your business.

Positivity Is Key

Your business should always be conducted ethically, from your planning to your business activities. This is important in gaining the trust of your clients and customers. It shows a positive mindset. When confronted by the media to ascertain what happened in case of a crisis, do well to always express positivity about what happened. Your organizational mission and vision statement should always drive inspiration. 

“Your values and vision are very important towards carrying out your business ethically”

Be honest about the problem. 

Identifying and accepting that a problem exists is key to crisis management. A crisis cannot be dealt with effectively if there is dishonesty about the problem affecting your business. Admitting and dealing with the problem when it’s small prevents it from escalating into a bigger situation. 

Always believe in your capacity to deal with whatever crisis hits your business. Whatever the issue is, especially if it requires a professional hand, kindly get one and let them deal with it with some finesse. Denying a problem exists will never solve the situation. The only thing that solves the situation is taking the right action.

Your core values should be well defined. 

Having your core values clearly stated is very important. Your values and vision are very important towards carrying out your business ethically. This is the basic guideline for doing your business and as such will help keep your focus when managing crises. Going back to the basics and restructuring your plans to match your goals and vision is one way to go in managing a crisis. 

Take action in managing crisis as a small business.

Take corrective action.

Admitting you have a problem is one thing, identifying the issue is another. Without doing that you cannot take corrective action. Cutting expenses is corrective action. Withholding or discontinuing a project is also a clear corrective action. 

Even the big corporations stop multi-million dollar projects to save billions. This is to save expenses and meet their organizational goals. 

Downsize and work with your best talents. 

Hard times require us to make hard decisions. As a business owner, you have to optimize your workforce by taking out anyone who doesn’t add value. This is irrespective of the relationship, as they could be family or friends. 

About 20% of revenue generated goes into employee salaries, and during critical times you need to downsize to cut down expenses. Another reason is to increase the efficiency of business operations. It is better to increase wages in an optimized work environment to improve efficiency. 

Cope with Problems and be ready to learn.

Every crisis presents a learning curve. It presents you with an opportunity to amplify your skills and find new solutions. Breaking out of your comfort zone will help your business reach its full potential. It teaches you how to deal with issues like non-productive employees, unprofitable projects and huge expenses. 

Controlling your emotions and applying emotional intelligence especially when dealing with your team is important. Think proactively and strategically; this will help you to become a leader that controls circumstances.

Key takeaways from the article are:

  • Positivity Is Key
  • Be honest about the problem. 
  • Your core values should be well defined.
  • Take corrective action.
  • Downsize and work with your best talents.
  • Cope with Problems and be ready to learn.

1,506 comments

  1. It’s really a cool and helpful piece of information. I am satisfied
    that you simply shared this helpful info with us. Please keep us
    up to date like this. Thanks for sharing.

  2. Thank you for another informative website. Where else mayjust I am getting that type of information written in such a perfect way?I’ve a venture that I am just now operating on, and I have been on the glance out for such info.

  3. After going over a number of the blog posts on your site, I honestly appreciate your technique of
    blogging. I book-marked it to my bookmark website list and will be checking
    back in the near future. Take a look at my website too and tell me what you think.

  4. My developer is trying to convince me to moveto .net from PHP. I have always disliked the idea because of the expenses.But he’s tryiong none the less. I’ve been using WordPress on numerouswebsites for about a year and am worried about switchingto another platform. I have heard excellent things about blogengine.net.Is there a way I can import all my wordpress content into it?Any kind of help would be greatly appreciated!

  5. Hmm is anyone else having problems with the pictures on this blog loading?

    I’m trying to determine if its a problem on my end or if it’s the blog.
    Any suggestions would be greatly appreciated.

  6. I need to to thank you for this wonderful read!! I definitely enjoyed every little
    bit of it. I have you bookmarked to check out new things you
    post…

  7. Hello there! I know this is kinda off topic but
    I was wondering if you knew where I could locate a captcha plugin for my comment
    form? I’m using the same blog platform as yours and I’m having trouble
    finding one? Thanks a lot!

  8. Hi are using WordPress for your site platform? I’m new to the blog world but I’m trying to getstarted and set up my own. Do you need any html coding expertise to make yourown blog? Any help would be greatly appreciated!

  9. Wonderful beat ! I would like to apprentice while you amend
    your web site, how can i subscribe for a blog site?
    The account helped me a acceptable deal. I had been a little bit acquainted of this your broadcast offered bright clear idea

  10. It is appropriate time to make some plans for the future and it’s time to be
    happy. I have learn this post and if I may I want
    to suggest you some fascinating issues or advice.
    Maybe you could write next articles regarding this article.
    I desire to read even more issues approximately it!

  11. Very nice post. I just stumbled upon your weblog and wanted to mention that I have really loved browsing your blog posts.
    In any case I will be subscribing for your feed and I’m
    hoping you write again very soon!

  12. Enjoyed reading this, very good stuff, thankyou . “A man does not die of love or his liver or even of old age he dies of being a man.” by Percival Arland Ussher.

  13. I’m not that much of a internet reader to be honest but your
    blogs really nice, keep it up! I’ll go ahead and bookmark your site to come back
    down the road. Cheers

  14. Nice post. I was checking continuously this
    blog and I’m impressed! Extremely helpful info
    particularly the ultimate section 🙂 I care for such information a lot.

    I used to be looking for this particular information for a very
    long time. Thank you and good luck.

  15. Good day! I simply want to give you a huge thumbs up for the greatinfo you have right here on this post. I’ll be coming back to your web site for more soon.

  16. My family all the time say that I am wasting my time here at net, except I know I am getting knowledge all the time by reading
    such pleasant articles or reviews.

  17. You can definitely see your expertise in the article you write.
    The arena hopes for even more passionate writers like you who are not afraid to
    say how they believe. Always go after your heart.

  18. Just desire to say your article is as astonishing.

    The clarity in your put up is just nice and that i could think
    you’re an expert on this subject. Fine together with your permission allow me to take hold of your RSS
    feed to keep up to date with forthcoming post. Thank you a
    million and please keep up the gratifying work.

  19. Hey very cool blog!! Guy .. Excellent .. Amazing .. I’ll bookmark your
    site and take the feeds additionally? I’m glad to search out so many helpful information right here within the post,
    we’d like develop more strategies in this regard, thank you for sharing.

    . . . . .

  20. When I originally commented I clicked the “Notify me when new comments are added”
    checkbox and now each time a comment is added I get four e-mails with the same comment.
    Is there any way you can remove me from that service?
    Many thanks!

  21. When some one searches for his required thing, therefore he/she wants to be available that
    in detail, thus that thing is maintained over here.

  22. Wonderful blog! I found it while surfing around on YahooNews. Do you have any suggestions on how to get listed in Yahoo News?I’ve been trying for a while but I never seem toget there! Many thanks

  23. You actually make it appear so easy with your presentation however I in finding this topic to be really somethingthat I think I’d never understand. It seems too complex and extremely vast for me.I’m having a look ahead in your subsequent submit, Iwill try to get the hang of it!

  24. Very nice post. I just stumbled upon your blog and wished tosay that I have truly enjoyed browsing your blog posts. In any case I will be subscribing toyour feed and I hope you write again soon!

  25. Hello there! This is my first visit to your blog! We are a group of volunteers and starting a new project in a community in the same niche. Your blog provided us beneficial information to work on. You have done a marvellous job!

  26. Great post. I was checking constantly this blog and I’m impressed!Very useful information specially the last part 🙂 I care for such information much.I was seeking this certain information for a long time.Thank you and good luck.

  27. Wow that was odd. I just wrote an incredibly long comment but after I clicked submitmy comment didn’t show up. Grrrr… well I’m not writing all that over again. Anyway, just wanted to saywonderful blog!

  28. I just like the helpful info you provide to your articles. I’ll bookmark your blog and check once more here frequently. I’m reasonably certain I will be informed lots of new stuff right right here! Good luck for the next! home

  29. Tajuana Glassco says:It really is right opportunity to create some schedules for the extended term. I have study this article and if I can, I wish to suggest you couple great assistance.Reply 02/16/2020 at 8:47 am

  30. Hello, Neat post. There is a problem together with your website in web explorer, might test this… IE nonetheless is the market chief and a good part of other folks will omit your wonderful writing because of this problem.

  31. A person necessarily help to make significantly posts I might state. This is the first time I frequented your website page and so far? I amazed with the research you made to make this particular submit incredible. Fantastic activity!

  32. Some really excellent articles on this website, appreciate it for contribution. “A religious awakening which does not awaken the sleeper to love has roused him in vain.” by Jessamyn West.

  33. obviously like your web-site but you have to take a look at the spelling on several of your posts. Many of them are rife with spelling issues and I in finding it very troublesome to tell the reality however I’ll definitely come back again.

  34. Hiya very cool blog!! Man .. Excellent .. Superb .. I will bookmark your web site and take the feeds also…I am satisfied to seek out numerous useful information right here in the put up, we want work out extra techniques on this regard, thank you for sharing.

  35. I have learn some just right stuff here. Certainly price bookmarking for revisiting. I surprise how a lot effort you place to make this sort of fantastic informative site.

  36. Hi there just wanted to give you a brief heads up and let you know a few of the images aren’t loading properly. I’m not sure why but I think its a linking issue. I’ve tried it in two different web browsers and both show the same outcome.

  37. I do consider all the concepts you’ve introduced to your post. They are really convincing and can definitely work. Nonetheless, the posts are too quick for beginners. Could you please prolong them a little from next time? Thank you for the post.

  38. Thank you, I’ve just been looking for information about this topic for a while and yours is the greatest I’ve came upon till now. But, what concerning the conclusion? Are you certain about the source?

  39. Generally I do not read post on blogs, but I would like to say that this write-up very compelled me to take a look at and do so! Your writing taste has been amazed me. Thank you, very great article.

  40. I don’t even know the way I stopped up right here, but I thought this publish used to be great. I don’t know who you’re however certainly you’re going to a famous blogger when you aren’t already 😉 Cheers!

  41. Thanks for another magnificent post. The place else could anyone get thatkind of information in such a perfect manner of writing?I have a presentation next week, and I am on the look for such information.

  42. Greetings! I’ve been following your blog for sometime now and finally got the bravery to go ahead and give you a shoutout from Dallas Texas! Just wanted to tell you keep up thegreat work!

  43. Hello my family member! I wish to say that this article is amazing, nice written and come with almost all significant infos.I would like to look more posts like this .Here is my blog post 타오바오 배대지

  44. hi!,I really like your writing very much! percentage we communicate extra about your post on AOL? I require an expert in this area to unravel my problem. Maybe that’s you! Taking a look ahead to peer you.

  45. An intriguing discussion is definitely worth comment. I do believe that you ought to write more about this issue, it might not be a taboo subject but generally people don’t discuss such topics. To the next! Best wishes!!

  46. It is really a great and useful piece of info. I’m gladthat you simply shared this helpful information with us.Please stay us up to date like this. Thank you for sharing.

  47. Thanks for your personal marvelous posting!I actually enjoyed reading it, you happen to be agreat author.I will be sure to bookmark your blog andmay come back someday. I want to encourage one to continue your great work, havea nice afternoon!

  48. I have to thank you for the efforts you have put in penning this blog. I’m hoping to see the same high-grade blog posts by you in the future as well. In fact, your creative writing abilities has motivated me to get my own blog now 😉

  49. An interesting discussion is definitely worth comment. I think that you should publish more on this topic, it might not be a taboo subject but typically people do not discuss these issues. To the next! Cheers!!

  50. I haven’t checked in here for a while because I thought it was getting boring, but the last several posts are great quality so I guess I will add you back to my everyday bloglist. You deserve it my friend 🙂

  51. When I originally commented I clicked the -Notify me when new surveys are added- checkbox and from now on every time a comment is added I purchase four emails using the same comment. Could there be by any means you are able to get rid of me from that service? Thanks!

  52. Hi, I do think this is an excellent blog. I stumbledupon it 😉 I am going to come back once again since i have book-marked it. Money and freedom is the best way to change, may you be rich and continue to guide others.

  53. Good day! I could have sworn Iíve visited this web site before but after going through a few of the articles I realized itís new to me. Anyhow, Iím certainly pleased I stumbled upon it and Iíll be book-marking it and checking back frequently!

  54. Hi, I do believe this is an excellent website. I stumbledupon it 😉 I am going to revisit yet again since I book-marked it. Money and freedom is the best way to change, may you be rich and continue to guide others.

  55. Hello, I do think your web site could possibly be having browser compatibility problems. When I look at your site in Safari, it looks fine however, when opening in I.E., it’s got some overlapping issues. I just wanted to give you a quick heads up! Other than that, wonderful site!

  56. Hey! This is my first visit to your blog! We are a team of volunteers and starting a new initiative in a community in the same niche. Your blog provided us valuable information to work on. You have done a wonderful job!|

  57. Outstanding post however I was wanting to know if you could write a litte more on this subject?I’d be very grateful if you could elaborate a little bit more.Kudos!

  58. F*ckin’ amazing things here. I am very glad to see your article. Thanks so much and i am looking forward to contact you. Will you kindly drop me a e-mail?

  59. I like this post, enjoyed this one appreciate it for putting up. “The world is round and the place which may seem like the end may also be only the beginning.” by George Baker.

  60. I’m pretty pleased to find this page. I need to to thank you for your time just for this wonderful read!! I definitely enjoyed every part of it and I have you book-marked to see new things on your website.

  61. Oh my goodness! Incredible article dude! Many thanks, However I am going through troubles with your RSS. I donít understand why I can’t join it. Is there anyone else having the same RSS problems? Anybody who knows the answer can you kindly respond? Thanx!!

  62. Nice post. I was checking continuously this blog and I am impressed! Extremely useful information specially the last part 🙂 I care for such information a lot. I was looking for this particular information for a long time. Thank you and best of luck.

  63. When I initially left a comment I appear to have clicked on the -Notify me when new comments are added- checkbox and now whenever a comment is added I receive 4 emails with the exact same comment. Is there a way you can remove me from that service? Cheers!

  64. Thank you for sharing excellent informations. Your site is so cool. I’m impressed by the details that you have on this web site. It reveals how nicely you perceive this subject. Bookmarked this web page, will come back for more articles. You, my pal, ROCK! I found simply the info I already searched everywhere and simply couldn’t come across. What an ideal site.

  65. หนังการ์ตูนหนังชีวิตหนังรักโรแมนติก Western หนังคาวบอยตะวันตก ปัจจุบันอาจจะดูไม่ค่อยได้รับความนิยมเท่าไรเพราะความแปลกใหม่ในการนำเสนอหายากขึ้นและเสี่ยงมากที่จะทำออกมา

  66. Next time I read a blog, I hope that it does not fail me just as much as this one. I mean, I know it was my choice to read through, nonetheless I actually thought you would have something useful to talk about. All I hear is a bunch of crying about something that you can fix if you weren’t too busy looking for attention.

  67. I really love your website.. Great colors & theme. Did you create this web site yourself? Please reply back as Iím attempting to create my own website and want to find out where you got this from or exactly what the theme is called. Thank you!

  68. Hi there! I could have sworn I’ve been to this blog before but after going through many of the articles I realized it’s new to me. Nonetheless, I’m certainly pleased I stumbled upon it and I’ll be book-marking it and checking back regularly!

  69. Oh my goodness! Amazing article dude! Many thanks, However I am having problems with your RSS. I don’t understand the reason why I cannot subscribe to it. Is there anybody having the same RSS issues? Anyone that knows the answer will you kindly respond? Thanks!!

  70. Hello there! This post could not be written much better! Looking at this post reminds me of my previous roommate! He continually kept talking about this. I’ll send this information to him. Pretty sure he’s going to have a good read. Many thanks for sharing!

  71. I must thank you for the efforts you have put in writing this blog. I’m hoping to check out the same high-grade content from you in the future as well. In fact, your creative writing abilities has motivated me to get my very own blog now 😉

  72. This is the perfect web site for everyone who wants to understand this topic. You know so much its almost hard to argue with you (not that I really would want to…HaHa). You definitely put a brand new spin on a subject which has been discussed for years. Great stuff, just wonderful!

  73. A motivating discussion is worth comment. There’s no doubt that that you ought to write more about this topic, it might not be a taboo subject but typically people don’t talk about these subjects. To the next! Kind regards!!

  74. I do not even know how I stopped up right here, but I believed this put up was great.I do not recognise who you might be but certainly you are going to a well-known blogger for those who are not already.Cheers!

  75. I would like to thank you for the efforts you’ve put in writing this website. I really hope to check out the same high-grade blog posts by you later on as well. In fact, your creative writing abilities has motivated me to get my own, personal blog now 😉

  76. I’m very happy to find this great site. I need to to thank you for your time for this wonderful read!! I definitely loved every part of it and I have you book marked to see new stuff on your site.

  77. Permainan slot online memang memberikan banyak sensasi
    . maka semua orang mau menang bermain slot termasuk anda
    yang membaca artikel ini. Solusi dari kekelahan anda adalah menggunakan cheat slot pragmatic.
    Dengan cheat ini anda bisa saja selalu jackpot dan menang .
    hal itu bisa di pastikan karena apk ini akan memberikan data base server pragmatic
    untuk anda. dengan data ini anda bisa mengetahui permainan slot apa saja yang akan bocor.

  78. May I just say what a comfort to discover a person that actually understands what they are talking about online. You actually understand how to bring an issue to light and make it important. More people have to read this and understand this side of the story. It’s surprising you’re not more popular since you definitely possess the gift.

  79. Having read this I believed it was rather enlightening. I appreciate you taking the time and effort to put this article together. I once again find myself spending a lot of time both reading and posting comments. But so what, it was still worthwhile!

  80. I’m really enjoying the design and layout of your blog. It’s avery easy on the eyes which makes it much more enjoyablefor me to come here and visit more often. Did you hire out adeveloper to create your theme? Exceptional work!

  81. A motivating discussion is worth comment. I believe thatyou need to write more on this subject matter, it might not be a taboo subject but generallypeople do not talk about these subjects. To the next!Best wishes!!

  82. After I originally commented I appear to have clicked the -Notify me when new comments are added- checkbox and from now on each time a comment is added I receive four emails with the exact same comment. Is there a means you can remove me from that service? Thanks a lot!

  83. I really love your blog.. Excellent colors & theme. Did you build this site yourself? Please reply back as Iím hoping to create my own site and would like to learn where you got this from or what the theme is named. Kudos!

  84. When I originally left a comment I seem to have clicked the -Notify me when new comments are added- checkbox and now each time a comment is added I receive four emails with the exact same comment. Perhaps there is a way you are able to remove me from that service? Many thanks!

  85. Good post. I learn something new and challenging on sites I stumbleupon on a daily basis. It will always be exciting to read content from other authors and use something from other sites.

  86. I would like to thank you for the efforts you have put in writing this blog. I’m hoping to view the same high-grade blog posts from you later on as well. In truth, your creative writing abilities has motivated me to get my own, personal blog now 😉

  87. I was more than happy to uncover this great site. I wanted to thank you for your time for this particularly wonderful read!! I definitely appreciated every part of it and i also have you saved as a favorite to look at new stuff on your web site.

  88. A fascinating discussion is worth comment. I think that you should publish more about this subject matter, it may not be a taboo subject but typically folks don’t speak about these topics. To the next! Kind regards!!

  89. I truly love your site.. Excellent colors & theme. Did you build this web site yourself? Please reply back as Iím hoping to create my own personal site and want to learn where you got this from or just what the theme is named. Kudos!

  90. Iím amazed, I have to admit. Rarely do I encounter a blog thatís both equally educative and amusing, and let me tell you, you have hit the nail on the head. The issue is an issue that too few people are speaking intelligently about. I’m very happy that I stumbled across this during my search for something relating to this.

  91. Your style is very unique in comparison to other folks I’ve read stuff from. Many thanks for posting when you’ve got the opportunity, Guess I’ll just book mark this web site.

  92. I’m amazed, I must say. Seldom do I come across a blog that’s equally educative and engaging, and without a doubt, you’ve hit the nail on the head. The issue is an issue that too few people are speaking intelligently about. I am very happy I came across this during my search for something concerning this.

  93. When I originally commented I seem to have clicked on the -Notify me when new comments are added- checkbox and now every time a comment is added I recieve four emails with the same comment. Is there a way you can remove me from that service? Cheers!

  94. Hello! I could have sworn I’ve been to this blog before but after going through a few of the articles I realized it’s new to me. Anyhow, I’m certainly delighted I found it and I’ll be bookmarking it and checking back frequently!

  95. After I initially left a comment I appear to have clicked on the -Notify me when new comments are added- checkbox and now whenever a comment is added I receive 4 emails with the same comment. Is there a way you are able to remove me from that service? Thanks a lot!

  96. Can I just say what a comfort to discover a person that really knows what they’re talking about on the web. You actually understand how to bring an issue to light and make it important. A lot more people must check this out and understand this side of your story. I can’t believe you are not more popular given that you surely possess the gift.

  97. The very next time I read a blog, I hope that it won’t fail me just as much as this one. I mean, Yes, it was my choice to read, but I truly thought you would probably have something interesting to talk about. All I hear is a bunch of moaning about something that you could fix if you weren’t too busy seeking attention.

  98. I’d like to thank you for the efforts you have put in penning this site. I’m hoping to see the same high-grade blog posts from you later on as well. In truth, your creative writing abilities has motivated me to get my very own website now 😉

  99. Hi, I do think this is an excellent site. I stumbledupon it 😉 I may revisit yet again since I book-marked it. Money and freedom is the greatest way to change, may you be rich and continue to guide other people.

  100. You are so interesting! I do not suppose I’ve truly read a single thing like that before. So wonderful to discover someone with some original thoughts on this subject. Seriously.. thanks for starting this up. This site is one thing that is required on the web, someone with a little originality!

  101. Greetings! Very useful advice within this article! It is the little changes that will make the greatest changes. Many thanks for sharing!

  102. Next time I read a blog, I hope that it does not fail me as much as this particular one. I mean, I know it was my choice to read, but I actually believed you would probably have something interesting to say. All I hear is a bunch of whining about something you could possibly fix if you weren’t too busy seeking attention.

  103. Howdy! This article couldn’t be written much better! Reading through this article reminds me of my previous roommate! He constantly kept talking about this. I will send this article to him. Fairly certain he’ll have a very good read. Thanks for sharing!