Contingency Planning for a Recession–or a Recovery

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By Bill Conerly, Businomics, Conerly Consulting,
I spoke a couple of months ago about the economic contingency planning process.  You can listen here.

Key steps:

1. Evaluate your company’s own vulnerability to changes in the economy.
2. Develop an early warning system specific to your business.
3. Sketch out a contingency plan for economic changes.
4. Manage the business to gain or preserve the flexibility to implement the plan.

Full Audio of Presentation here

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Bill Conerly is principal of Conerly Consulting LLC, chief economist of abcInvesting.com, and was previously Senior Vice President at First Interstate Bank. Bill Conerly writes up-to-date comments on the economy on his blog called “Businomics” and produces a monthly audio magazine available on CD. Conerly is author of “Businomics™: From the Headlines to Your Bottom Line: How to Profit in Any Economic Cycle”, which connects the dots between the economic news and business decisions.