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Contingency Planning


About The Video.
Contingency planning is about minimising the effects of an emergency situation.  These emergencies can be split crudely into two types -
  • Events that are financial in nature and can be solved mostly with money; theft, bad debt, legal action etc.
  • ​Physical events like flood, fire, hurricane, data loss, etc.
Note:  Financial events are relatively simple: you save for a rainy day and you insure you and your company 'up-to-the-hilt'.
Wellness.
​
  • ​Keep calm:  The most important thing in any crisis is to keep calm. It is especially important that you, as the boss, project composure and a quiet determination to make things right.
  • Don't blame, take responsibility:  In time of crisis the least helpful thing to do is to apportion blame or point fingers. It is imperative that you accept that the 'buck' stops with you!  There will be plenty time to review events when everything is back to normal.
  • Don't allow your mind to create problems and give birth to monsters:  Just deal with what's in front of you.  Thinking about future problems caused by the emergency will just get in the way. It will slow you down mentally and impair your ability to make good judgements.
  • Be happy:  What's happened has happened. The people around you will take their lead from you, their leader. Making the best of things and maintaining a happy demeanour will rouse and motivate everyone around you.
Suggested Videos.
1. ​BCM: Everyone's a Winner.
​A funny look at a serious problem. I liked this video a lot.
2. ​Preparing For All Hazards.
A local video with wider principles.

What's Next?

NOTE:  This page is predominately about the operational side of your business.  For financial issues (like your death or the death of a key worker) visit our Money pages.

Floods, fires and natural disasters all spring to mind when talking about contingency plans and whilst these should be considered in your insurance provisions there are many other events that could have a catastrophic effect on your business. Problems with personnel, loss of data, loss of sales, bad debts, theft, manufacturing defects and product recalls are just a few of the problems that can destroy small businesses.

To minimise the effects of a crisis on your business, you should consider devising a comprehensive contingency planning manual.  This manual needs to be reviewed regularly and kept close at hand.  The structure I use is - 

  1. Make an alphabetical list of any/all possible threats to the operation of your business.
  2. Work through your list outlining what your initial response will be to the event.
  3. Go back over your list and outline what should happen once the initial threat is contained and then how you want the whole event closed off and documented.
  4. Distribute your manual.
  5. Review/revise the manual every 12 months.

Our initial actions mostly involve stopping the event. Secondary actions often involve getting back to normal and the third phase tends to be about communicating to clients/workers and insurance companies.  Your business is unique and requires a specific contingency plan, Start or review your plan today.

How Can I Help?

FFollow up today with an Open Coaching Session:
I can help with your specific issues in a private 50 minute one-on-one session delivered live online via Zoom Video.
​
£97 per session. BOOK NOW.
US Army General Colin Powell has expressed the opinion that a leaders role is to remove uncertainty. 
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Hello,

'"Success through soft skills, continuing education and growth..."

The content of this website is based on my experience, education and the hundreds of coaching sessions I have delivered online. 

I am also a representative of an FCA regulated company which means that my financial education activities fall under the rules of a very powerful consumer protection body. 

The FCA is the UK's financial regulatory body with a wide range of powers designed to protect consumers from firms that do not meet the desired standards.  The FCA can; stop firms and individuals from conducting regulated activities.  Fine firms and individuals who break the FCA rules.  Make any action taken against firms and individuals public.  Bring criminal proceedings where warranted.  The full scope of their powers can be found in the Decision procedure and penalties manual (DEPP).

Coach Walsh 2021.

Please Note;
  1. ​Unless otherwise stated, the use of third party videos on this website in no way implies any support or backing of the individuals/organisations involved.  They are just informative videos chosen for their quality and educational value.
  2. Any observations or comments I make that reference third-party works are to be taken as MY understanding of that work.  For this reason all writing should be taken as a personal commentary that may not be accurate and may not accurately reflect the views of the authors and/or publishers. 

Copyright 2012 - 2021. All Rights Reserved.

NOTE:  I am constantly updating and proofreading the website.  It is a big job and mistakes are sometimes overlooked.  If you spot any errors it would be a great help if you email me and let me know.
  • Home +
    • About & Terms
    • Book Appointment
    • Payment Page
    • Business Opportunities
    • Suggested Videos List
    • Suggested Reading
    • 469BCe - Our Name?
    • Contact
    • Wellness >
      • The surprising science of happiness
    • Acknowledgements
  • Coaching Pages
    • Workplace Coaching Intro >
      • Recognising Potential
      • Developing In-house Coaches
      • Coaching a Superstar
      • Personality Types
      • Marketing
      • Grow Your Passion
      • Feedback
      • Leadership Responsibility
      • Live in the Moment
      • Motivating Others
      • Persuasion
      • The Need For Recognition
    • Public Speaking Intro >
      • Public Speaking Overview
      • Speaking Naturally in Public
    • Build a Business Intro >
      • Customer Acquisition
      • Customer Retention
      • Change Management
      • Negotiation Skills
      • Find out if you are a dictator
      • Team Building
      • Communicating Successfully
      • Leadership Styles
      • Strategic thinking
      • Productivity
      • Problem solving
      • Being Assertive
      • Networking
      • Conflict resolution
      • Influence and Power
      • Motivation
      • Performance Assessment
    • Soft Skills Selling Intro >
      • Practical Sales Skills
    • Work From Home Intro >
      • Work Home Environment
      • Time Management
      • Technology
      • Routine & Discipline
      • Business Insurance
      • Building Your Business
      • Mindfulness
      • WORK + HOME = LIFE
      • Managing Money & Business
      • What is Success?
      • Managing Expectations
      • Communicating With Clients
      • Contingency Planning
      • Succession planning
    • General Coaching Pages
  • Team Building Event
  • Walking Basketball
  • Online Coaching
  • Surrey Scorchers
    • Diary 2020-21
    • Diary 2019-20
    • Winning mentality
    • Performance anxiety and stress
    • Ethics and morals
    • Autonomy vs Team
    • Self Image
    • Making time for family and friends.
    • Relationships with teammates
    • Trust and knowing who to listen to
  • Personal Finance
    • Overview of UK Money
    • Getting Financial Advice
    • Life Insurance and Serious Illness
    • What Is A Financial Plan?
    • What Is Cash Flow?
    • Budgeting
    • Managing Debt
    • Joint Finances
    • Wills & Trusts
    • Earning Extra Cash
    • Financial Literacy
    • Buying a House (UK)
    • Children Change Things
    • Retirement
    • Long Term Care
  • Blog
  • Podcasts
  • Shop
  • Sponsor Members
  • Sponsor Members Blog
  • Search Page