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5 Lessons Small Businesses Can Learn From the BP Oil Spill

Thursday, June 10, 2010 by Matt Hymel

On April 20th, an offshore drilling rig exploded in the Gulf of Mexico, taking several lives and igniting a massive clean-up struggle that continues to this day. As one of the more tragic events to affect the Gulf of Mexico region since Hurricane Katrina, small businesses have seen the catastrophic effects first-hand, as several fish, shrimp, crab, and other salt-water companies have suffered from the oil spill.

From a small business perspective, there's a lot we can learn from the aftermath of this event. We may not all command oil rigs, but we do all have our own disasters to avoid, mitigate, publicize, and clean up. Here are 5 take-aways to help avoid your own small business disaster (or cope with someone else's disaster):

Retain a Clear Line of Communication - Internal and External

When a potential disaster emerges, your true colors shine when it comes to communicating a solution, both among your employees and your clients. Small business communication is crucial in understanding where your employees stand and where your product lives. Internal communication can make the difference between a frustrating day of teamwork and a successful business pitch. Whether your team is on the move or in the office, mobile devices and other technology need to provide software catered to the working individual, or else you'll have some confused, depleted employees.

Small business success also depends on the message you send your consumers or clients. If there is positive chatter about your product, word of mouth can be the most powerful marketing tool. However, negative reviews can spread like wildfire and a lack of quality customer service can push a small business out of business. Make sure the message you are sending with your product or service parallels the one set by your employees and your image.

Upgrade to Enhance Workplace Efficiency

Sometimes faulty equipment or lack of updated software can cause a bigger problem than you ever anticipated. In some cases, a small business can experience colossal growth in both sales and manpower without having the infrastructure to handle the growing pains. While it's easy to adjust to short term changes, a long-term plan can save time and money. Make sure to map out a plan for your expected goals, even if you happen to hit it big. In the future, your obsolete enterprise hardware could cost you and your small business a favorable profit.

Take Responsibility for Your Success and Failures

In life and in business, there will be hills and valleys. While we tend to remember the hills, we dwell in the valleys and sometimes get stuck there.  It's important for small business to innovate and participate. Many small businesses concentrate on learning from their achievements when it's their failure that reveals their shortcomings and areas for improvement. Take both equally serious, as success can prove what has worked and failures can teach you how to adjust for the future - or get farther up the hill.

Trust Your Instincts, But Believe Your Research

Targeted research makes it easy or hard for a decision, but the decision is ultimately made by you. Many small businesses begin with a thought or idea. While the process of supplying a product or service may start out with a little luck, it won't continue that way. Be aware of what's going on around you, what's happened before you, and who's competing with you. Every piece of quantitative or qualitative information can guide a small business in a credible direction. Trust your instincts but let the research be the light that guides the way - don't deny what the facts can prove.

Prepare for the Worst

Disasters, both natural and manmade, will occur at any given time. As a startup small business, you have little effect on the economy around your business. Trends will come and go, consumers will be in and out, and other businesses will take your clients or feed you clients. At some point, you must be prepared for that massive "oil spill," a perceivable negative effect on your target market, product, or service. From a technology standpoint, backing up your data will prevent any natural disaster from destroying your life's work. Any small business is at risk to go from lucrative to bankrupt because of one simple disaster. Be prepared to deal with it to the best of your ability.

 

 

Until Next Time -

Matthew Hymel

 

Switchfast Technologies
Chicago IT Support & Consulting
Rochester IT Support & Consulting

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