#72 - Could Your Business Survive A Disaster?

Could your business survive a disaster?In this episode of the Meaning Business Podcast, Bruce and discuss how business owners can prepare for disasters, disruptions, and unexpected challenges.From financial crises and COVID to fuel price shocks, supply chain issues, workplace incidents, and succession problems, Bruce and Peter explore why disasters are not rare events - they are a normal part of business.The discussion covers contingency planning, cash flow management, emotional decision-making during crises, succession planning, and how businesses can identify opportunities during difficult periods.The key takeaway? Don’t panic. Understand the realities of your business, create a plan, involve the right people, and prepare before disaster strikes.The Meaning Business Podcast is your go-to show for insights on buying, growing and selling businesses.Hosted by business advisors Bruce Coudrey and Peter Spinda, each episode explores real-world strategies, lessons and opportunities to help business owners and entrepreneurs succeed.If you’re thinking about buying, selling or growing a business, the team at Benchmark Business Sales & Advisory can help guide you through the process.🌐 Learn more:https://linktr.ee/meaningbusinesspodcasthttps://benchmarkbusinessadvisory.com.au/meaning-business-podcast/