DIGITAL STARTUP SOCIETY BLOG — Adding Resilience to Your Business

It’s nice that you have most information on your smartphone or inside your computer, but what if there was no way to use your computer? You never know what will happen, so it’s best to create a contact list that lives on your computer, but that is regularly updated and printed out and filed where you can easily locate it if you have no access to technology.    A partial list that you can use to get started is here:  Payment Processor Information – If your payment processor stops working, do you know who to call or who to talk...

As a resilient business builder, you seek to build an ethical business that keeps learning and provides value to the customer over the value it gives you in terms of your profit. One part of the process is to build resilient systems that will stand the test of time. But what are the characteristics of a resilient system?  They are redundant – A resilient system has redundancy built-in. For example, your hosting company probably has your website on more than one server as a back up just if there is a fire or other problem that disrupts your website. You...

As you work on building a resilient business, it’s essential to think about the different hazards you face each day. This list is not to make you nervous or scared to start a business. It’s simply an effort to point out the apparent roadblocks that all business owners face.    Natural Hazards – These types of business hazards include anything that may occur, such as bad weather, earthquakes, volcanic eruptions, floods, avalanches, wildfires, drought, and so forth. While you cannot stop any of this, you can be prepared for it by purchasing the right type of insurance and making contingency...

If you really want to be more resilient in your business, the process of systemizing and automating your business will accomplish that. If you’re not convinced yet, you may want to continue reading to find out why it’s so essential to systemize and automate your business to increase resilience.    Increases Business Resilience  When you have a specific way of doing a task by creating a system, the task will begin to get done faster. Get used to doing something a certain way in a specific order. You will cut down on mistakes, notice problems more quickly, and correct your...

When you have a vision of what you want to accomplish, it's a lot easier to make decisions about your life and your business. It can be challenging to figure out your vision and objectives because we're not accustomed to strategic planning yet.  Sometimes all this planning can seem like a waste of time for a small business owner, but the truth is, you're much more likely to succeed if you know what you want to achieve, how to get there, and why you want to do it in the first place.  The first step is to create a vision...