When tough economic times arrive, there are so many different actions that business owners need to take that it can become bewildering. What is needed is a road map and here is a checklist of 50 important items for surviving and prospering in a challenging economy.

Risk Factor Analysis

Risk Factor Analysis Questionnaire
Risk Factor Analysis Worksheet

Preparing for a Business Downturn

Business downturns come in many shapes and forms – from a recession that affects the whole economy to something very specific that only affects your industry. They can be caused by such diverse elements as a market crash, a terrorist attack, a natural disaster (such as Katrina or Sandy), an epidemic on another continent (such as SARS or the avian flu) or by one of a thousand other things.
It seems as though we have been in a recession for so long that new initiatives to make your business leaner and more competitive are harder than ever to find. This is the same for everybody, and now is a good time to take a step back and look at first principles again.