Developing strategies for how a business will use its money, materials and people to accomplish its goals is part of starting and running a business. Within the strategic planning process, a ...

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 ...

A contingency plan is a backup plan, activated in the event of a disaster that disrupts a company's production and puts employees in danger. The goal of the plan is to safeguard data, minimize ...

I suggest rolling through the five areas listed above and identifying contingencies that are somewhat likely and would require a major change in the business. A company could have over a dozen major ...