Unexpected events can be very disruptive on a business. Ever wonder why some business owners play the blame games, others freeze up, and a few seem to succeed under pressure. How they handle it better than others?
D. Scott Smith shares a way that you can not only handle the unexpected, but succeed from it. In this interview, Mr. Smith shares insights and information from his up-coming book “Freeze Inaction in the Face of a Business Crisis – How to React When The Unexpected Happens.” You heard it first on the Arise2Live podcast.
We talk about how some business owners made adjustments and others didn’t. D. Scott Smith shares the Value Wheel from the book, a practical tool identify opportunities and risks in your business.
#Arise2LIve #strategy #businessowners #stopinaction #dScottSmith
Get a Jump Start on Preparing for Business Risks.
What is SWOT Analysis?
The SWOT approach has been around for a long time and used in many industries.
Strengths – Your strengths area. This should clear, detailed, and without ambiguity.
Weakness – Your areas of not doing things so well. Be honest here.
Opportunities – What is out there that you apply your strengths to make things better?
Threats – What dangers and risks are lurking out there that you need to mitigate or keep an eye on?
Preparing for the Unexpected
- Fight or flight or freeze.
- The words prepare and opportunity can be in the same sentence.
- What is your Value Offer to customers?
- Who are your customers?
- How are your products/services delivered?
- How do you make money (Business Model)?