How do you handle crisis in your business?

[eldavis]

When running a business, crisis are bound to happen one way or the other. It might not mean having issues between the employees or customers, crisis could be in any form. There are crisis that would be related to customers not getting their products on time, or a faulty products and the likes. As a business owner, how do you manage these crisis that would arise.

 

[Bisolami]

When running a business, crisis are bound to happen one way or the other. It might not mean having issues between the employees or customers, crisis could be in any form. There are crisis that would be related to customers not getting their products on time, or a faulty products and the likes. As a business owner, how do you manage these crisis that would arise.

It should be settled amicably. If you do not want to lose customers and you don't want your business to shut down, you just have to take things with ease and let the matter die down

 

[Stardom22]

It's high time for the entrepreneurs to set aside money monthly to cater for any business crisis or financial emergencies that often arises from time to time on the business.

 

[astutimeliana723]

I once experienced a crisis where store sales dropped dramatically, so I had to find ways to sell other products in my store. Until now I still think about it, I want to get products that are in great demand in the market and profitable to sell.

 

[cherry123]

Everything should be done in fairness if you do not want to lose customers Whatever is the problem should be sorted out amicably. This will show that you are not against your buyers

 

[Starmix]

It is not a problem if the customers do not get the items on time as long as they already paid the products, but if not, you may contact the customer and make a confrontation. Ask if they come or not.

 

[cherry123]

Crisis In business is imminent so long you are dealing with humans you would always have issues. it is to just find a good way to resolve issues amicably that's all.

 

[Niyi Briggs]

You would have to maintain a calm demeanor in times of crisis. Don't get emotional because it would deepen it. Check the extent of the crisis and what can be done to contend it.

 

[Heatman]

When running a business, crisis are bound to happen one way or the other. It might not mean having issues between the employees or customers, crisis could be in any form. There are crisis that would be related to customers not getting their products on time, or a faulty products and the likes. As a business owner, how do you manage these crisis that would arise.

Every business owner should have a crisis management strategy which can be employed in taking care of different kind of crisis that comes up in the business.

 

[Passiveearner]

I think in case if I face crisis, then I may limit the amount of money that I spend in the first place. This is the very first thing I may do before sorting out things that may help me make the condition better.

 

[Springtime]

When facing a crisis, the first thing is to stay calm. If it is due to product defect, make a sincere apology to the customers. Offer compensation or other deals such as free replacement plus giving out discount coupons.