Imagine losing your biggest client tomorrow, or suddenly being unable to work for a few weeks. Without a plan B, you’d be frantically working out how to keep everything afloat. So my question to you, would your business cope?“Having a plan B isn’t about expecting things to go wrong. It’s about making sure that when they do, you’ve got options.”This week’s episode will help you to stop confusing having a successful business today with a secure business tomorrow. Why? Because they’re not necessarily the same thing.Drawing on my eight years of running Virtually Priceless, including losing significant contracts with little warning, chasing unpaid invoices, and making redundancies, I’ll explain why every VA business needs a plan B. I’ll also share what a plan B might look like and give you three simple questions to answer that will help you become a little more disaster proof.

Key takeaways:1️⃣ Ask yourself what the one thing in your business is that, if it disappeared tomorrow, would cause you the biggest headache. Whatever immediately springs to mind is probably a good place to start.2️⃣ Know your numbers and build your buffer while things are going well. There’s a big difference between thinking “I’ll probably be okay” and knowing exactly how much breathing room you’ve got. Work out what it costs to run your business each month and what you need to take home. 3️⃣ Keep your marketing momentum going, even when you’re fully booked. Marketing isn’t something you do when you need clients. It’s something you do so that you’re not constantly worrying about needing clients.

You don’t have to fix everything overnight, but you need to start somewhere.Ask yourself: what’s one thing you could put in place now that would make losing a client, or being unable to work, easier to manage?Every little step towards a more resilient business is worthwhile. Don’t wait until you desperately need a plan B to start thinking about one.

Timestamps:(00:00) Podcast episode starts

(01:06) Why you need a Plan B

(02:03) Biggest business risk: becoming too comfortable

(04:06) Where is your business most exposed?

(05:31) Let's talk about money

(07:33) Importance of marketing

(08:58) What happens if you can't work

(10:41) Losing a client

(12:08) 3 easy questions to start building your Plan B

(14:22) Why I started All Stars

✨ Join our waitlist for our membership programme All Stars today: https://thevahandbook.mykajabi.com/all-stars-waitlist

---🔗 ResourcesJoin the VA Handbookers Facebook group: https://www.facebook.com/groups/vahandbookers/Subscribe to The VA Handbook: https://the-va-handbook-ltd.kit.com/