Every business depends upon certain "givens," which range from retaining key personnel, to emergency planning, to credit arrangements. But what happens when a relatively young CEO is killed in an ...

A small business can be negatively impacted by all sorts of changes or events, from natural disasters to entrance of new competitors into a market. A contingency plan is a document that outlines how a ...

At the peak of the last boom, the CEO of Caterpillar told all of his division heads to start developing contingency plans for a recession. The division heads thought he was – crazy! Their greatest ...

Opinions expressed by Entrepreneur contributors are their own. In today’s ever-changing business environment, business owners, entrepreneurs and franchise owners need to be prepared for the unexpected ...

Fred Schaard’s overseas vacation during the fall of 2008 was a far cry from what he had envisioned. Instead of relaxing, he spent the bulk of his time trying—often unsuccessfully—to communicate with ...

Business leaders don’t want doubters in their organization, for fear that workers won’t advance the leader’s plan if they consider the possibility of failure. This is probably the chief reason that ...

A disaster recovery plan is like insurance—you’re glad you have it, but you hope you never need it. With automobile insurance, you pay a regular fee so that you are covered if you have an accident. In ...