Are you and your membership business prepared for a crisis?
Statistics gathered here, by our Entrepreneurial Research Laboratories (ERL) in our un-scientific poll, show that all businesses fit into 1of 2 categories:
- Those that have already experienced a crisis
- Those that soon will!
While sadly crisis is a fact of life, for all businesses using the membership model – small, medium, and large, the adverse effects of a crisis can be easily mitigated by the entrepreneur who plans ahead, and takes the extra effort to construct a solid contingency plan.
Surviving a business crisis successfully and testing a contingency plan can surprisingly often be a great experience for any entrepreneur!
Entrepreneurs’, who have weathered a storm and emerged victorious, usually become ardent believers in the old adage, “What doesn’t kill you, only makes you stronger.” This is true because at the point of crisis, a good business with great leadership is given a rare opportunity to show off their true character, and core strengths.










