Every business of any size in any industry will experience a crisis at some stage. Sadly, the majority don’t survive. Around one in five U.S.
businesses fail within a year of opening their doors, with around half closing in five years.Crises can come from any avenue.
Whether it’s the global COVID-19 pandemic that caused 9.6 million job losses, a natural disaster, or a cyberattack, you need a plan for negotiating challenging times.Here’s how to develop a workable crisis management plan for your small business.Crises come in many forms.
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