What makes an entrepreneur successful? I believe there are 18 traits. I’ll look at one each day for the next 18 days.
Small business success secret #5: Business owners develop contingency plans.
Not everything goes right. Businesses experience varying levels of success from their efforts. When to stick and when to cut-and-run is difficult to know. But the choice will be easier and the next steps will be clearer when the entrepreneur relentlessly develops contingency plans. On your three most important projects, what are your contingency plans?