Self-Employed and Shut Down – Don’t Let the Unexpected Force You Out of Business!

self-employed-and-sick

Self-Employed and Shut Down

I’ve been self-employed for almost 20 years. In that time, I’ve…

  • had my appendix out & was in hospital for 4 days
  • broke my foot a few times (so on crutches for months)
  • been sick, had the flu, threw out my back and been under the weather for weeks at a time

This list doesn’t even include all my family’s health issues, unexpected deaths, pet emergencies, or accidents.

When you are not at work, your business is closed. This may mean missing deadlines & meetings, losing sales, and definitely puts you at risk for losing money.

And if you are human, eventually there will be a time when something unexpected happens to you or your family.

So what’s a self-employed gal to do?

Create your own micro business emergency plan! The following steps will help you create a plan that will help you avoid shutting your doors in the event of an emergency.

Step 1 – Identify Your “At Risk” Areas

Every micro business is unique. So my at risk areas won’t be the same as yours. I teach both online and offline classes, so I have to ensure I am there to teach class. Or have someone else teach class. This is my #1 issue if I have an unexpected crisis.

Maybe yours is not being able to meet a deadline, or missing client meetings. Ask yourself the following questions to identify your at risk areas:

  • If you were unable to work tomorrow, what parts of your business would suffer?
  • What are you contractually obligated to do?
  • Where does the biggest portion of your profits come from?

Step 2 – Figure Out What Can Be Automated or Outsourced

Even if you are not able to work, there may be ways to keep the doors open. You need to figure out what at risk areas could either be automated or outsourced.

This may mean investing time and money now, but would pay off in the long run. So ask yourself the following questions:

  • Is there anyone you could temporary hire that could perform you job?
  • Are there any automated systems that could replace part of your obligations?
  • Can you outsource portions of your job?

Step 3 – Get Details Now, Not Later

If you choose to outsource portions of your business, you have to plan ahead. It’s much better to brainstorm this issue now, not when you’re in the middle of an emergency.

Get the details ironed out, so if the time comes, implementation is simple, easy, and stress-free. Ask yourself the following questions to determine the best outsourcing choices:

  • How much would it cost?
  • What are yours & their expectations?
  • Have you ever worked with this person before?
  • Would they have time?

Hope for the Best – Plan for the Worst

We always hope that our plans will work out perfectly. However, life throws us lots of curve balls. When you’re self-employed, you can’t just call in sick.

Life happens. So create a plan that will cover your butt, and allows you to keep your doors open. Plan ahead, so the unexpected doesn’t put you out of business.

Liesha Petrovich is passionate about micro business education. Doesn’t sound sexy does it? But teaching micro business owners how to createsuccess and freedom is. Learn more at Micro Business Essentials and follow her on Twitter

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