Self-employed shocks, and their solutions
Possibility: You suffer through a natural disaster
There’s no way of planning for natural disasters, which is why they have the potential to be so very destructive. You might suffer through a disaster that destroys your hometown – or never have to worry about the wrath of Mother Nature at all.
Ultimately, it’s your business insurance that will provide the protection you need to help recover from a natural disaster. Policies likes of https://www.qdoscontractor.com/insurance/business-insurance can help ensure business continuity in the event of a natural disaster, so while it may be difficult to experience such an event, at least it won’t be the end of your business.
Possibility: A disgruntled customer leaves bad feedback online
Customer feedback is vital for a modern businessperson, but it has its drawbacks too. If an irate customer leaves a bad review on your Facebook page or a formal review site, then you have to have a contingency in place to help you cope with this. If you don’t, the damage to your business could be severe.
Often, the best way to combat this issue is through working on your online reputation in a positive sense; https://www.cwjobs.co.uk/ have a great guide that can help you manage this issue.
If you can plan for the above eventualities, you can be sure that you have covered all the bases. In the unlikely event that one of the above issues does occur, you’ll be glad you took the time to think through the scenario, as you’ll immediately know how to cope with it.