Crisis Mode

A personal crisis needn't spell disaster for your business--not if you prepare for it.

By Geoff Williams Originally published Dec 1, 2004

Opinions expressed by Entrepreneur contributors are their own.

Every company occasionally endures a crisis. But what happens when your dilemma isn't plunging profit margins-but a personal life that's falling apart?

Because you have no idea what type of personal crisis might await you-an ugly divorce, a debilitating disease, an ailing parent-Paul Krasinski, founder and CEO of New York City-based Lion Strategy Advisors, suggests finding somebody now who can cover your responsibilities for at least 20 days rather than waiting for disaster to strike and finding yourself unprepared.

Continue reading this article — and all of our other premium content with Entrepreneur+

For just $5, you can get unlimited access to all Entrepreneur’s premium content. You’ll find:

Digestible insight on how to be a better entrepreneur and leader
Lessons for starting and growing a business from our expert network of CEOs and founders
Meaningful content to help you make sharper decisions
Business and life hacks to help you stay ahead of the curve

Learn More Log In

Editor's Pick

Determined to Support the Black Community, These Friends Brought 'Fresh Eyes' — and Innovation — to the Food Industry

The Complete Guide to Effectively Using AI Writing Tools in Content Marketing

Have More Responsibilities at Work, But No Pay Bump? Use This Script to Get the Raise You Deserve.

5 Small Daily Habits Self-Made Millionaires Use to Grow Their Wealth

Black and Asian Founders Face Opposition at All Levels — Here's Why That Has to Change

The Basics of Making Money in Franchising

Most Popular

See all

Employee Experience & Recruiting

78% of Employers Are Using Remote Work Tools to Spy on You. Here's a More Effective (and Ethical) Approach to Tracking Employee Productivity.

Research and common sense show that the practice does far more harm than good.

By Mark Banfield

Money & Finance

Americans Are Underprepared for Retirement. Here's How Small Businesses Can Help Close the Savings Gap.

Half of the American workforce doesn't have access to an employer-sponsored retirement program, yet we are 15 times more likely to save for retirement if we can do so at work — and small businesses can help. Here's how.

By Aaron Schumm