What is the worst that can happen to your newsagency business? A downturn in local industry, mass departure of residents, another newsagency or competitive business opening nearby, a collapse in consumer confidence?
These are other economic challenges could be around the corner yet too often small business newsagents are not prepared, they do not have a plan for dealing with the challenges.
I urge newsagents to take a moment and consider the worst economic activity which could hurt the business. Think about that and work back from the imaginary catastrophe on what you need to be prepared to do in order to get through it.
You can plan for an economic storm, I am sure of that. The best time for such planning is in advance of any such catastrophe hitting your business, well in advance in fact.
Those in hospital emergency departments, military, law enforcement and other public service areas plan and train for catastrophes all the time. It is essential to them being able to do their job in such circumstances. We in small business can benefit from the same planning and training.