While owning your own brick-and-mortar store can be a great way to scratch your entrepreneurial itch and sell whatever products or services you have available, this type of property can also open you up to some risks that you’ll need to consider. And while having the right business insurance can help mitigate some of these risks, knowing how to respond in a difficult situation can be the difference between your business surviving or not.
To help you be ready for whatever may come, here are three worst case scenarios that your brick-and-mortar business should always be prepared for.
A Coming Storm
Regardless of where you live, inclement weather can always make its way to you. Knowing this, it’s important to know how you’ll prepare for and respond to storms when they come your way.
Ideally, you should have a business location that you’re able to secure and protect from the elements. This can include bringing in any outdoor products or equipment to protect them from the storm. You’ll also want to ensure that you’ve eliminated as many projectiles from the immediate area as you can. And to keep your product safe, do your best to ensure that the entrances and exits of the building are as secure as possible.
If you have products that need to be kept cold or kept running, in the event of a power outage, you’ll want to have a reliable generator available to you so that you don’t have to worry about your business losing money due to lost product or downtime.
A Physical Threat
Sadly, everyone the world over now has to consider what they would do were a physical threat to be made in their immediate area.
For your business, you’ll want to consider how you’d handle an evacuation were there a physical threat inside of your business. You’ll also want to prepare yourself and your staff on where and how to hide, how to contact the authorities, and how to keep themselves and your patrons calm in the face of this type of danger.
A Medical Emergency
At any moment, a person coming into your store or business could have a medical emergency that you’ll then need to assist with. So while you might initially be worried about hiring employees who can do the job you’ve hired them to do, you should also train your employees on how to do things like basic first aid. This type of training could literally save someone’s life one day.
If you own your own business, consider how preparing for some of the worst possible days could help you be more ready to take on whatever might be coming at your business, your staff, and your customers.