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Creating a Basic 5-Step Contingency Plan

For many entrepreneurs, the dramatic and rapid effects of COVID-19 have highlighted the importance of having a business contingency plan. As Alberta moves forward with reopening, creating a detailed contingency plan is critical.

By developing a contingency plan, you begin to pinpoint disruptive triggers and prepare for worst-case scenarios. In this webinar, we will be walking through a case study showing strategies to weigh impacts on operational risks and looking at what chain reactions might unfold if your power goes out or make record sales. Having a confidently outlined contingency plan helps you prepare for a quick recovery for your business.

During this session, we will discuss:

  • What to include in your contingency plan

  • How to identify various risks

  • How to assess the impact of those risks

  • How to analyze the importance of events