• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Facebook
  • Instagram
  • LinkedIn
  • Twitter
  • YouTube
Big Ideas for Small Business logo

Barbara Weltman

Big Ideas for Small Business, Inc.

Whitepaper download

Subscribe and download our eBook, "150+ Tax Deductions for Small Business A to Z."

This field is hidden when viewing the form
Get the:

  • Home
  • About Us
  • Big Ideas For Your Business
    • Idea Of The Day ®
    • SMB Legal
    • SMB Taxes
    • SMB Financial
    • Small Business
    • Newsletter Archive
  • Services
  • Books
  • Blog
  • Multimedia
    • Videos
    • Radio Shows/Podcasts
  • Be a Guest Blogger

Living with Murphy’s Law

August 3, 2017 / By Barbara Weltman

Murphy’s Law states that “anything that can go wrong will go wrong.” Edward Murphy, who is credited with the phrase, was an aerospace engineer who recognized that problems are inevitable and advocated the use of defensive design in the projects he worked on.

Be PreparedHow does this apply to small business owners? Murphy’s law suggests you need to have a backup plan. What’s yours?

What can’t be controlled

It’s just a fact that there are many forces and events that businesses can’t control, including:

  • Weather
  • Human error
  • World events
  • Death or serious illness of a key employee

What can be controlled

While you can’t control a lot of what happens in your business, you can control some things, including:

  • What you say to your employees, customers, vendors, and others
  • What you do (the way in which you conduct your business)

Backup plans

Go back to what can’t be controlled and think now how you’d respond if something happens to impact your business. Here are some plans that you can make now that can be implemented in case of an emergency or something goes wrong:

  • Create a disaster recovery plan. This may be recovering from being shut down due to property damage, data loss, or other problems that may hit you hard. Learn about disaster preparedness and recovery from the SBA . You can find a free template for creating your own disaster recovery plan from the DisasterRecovery.org (you have to submit contact information to view it).
  • Carry suitable insurance coverage. Check the extent of property damage covered by your current policy to decide whether you need to increase it. Determine whether you’re in a flood zone and need to obtain separate flood insurance. Explore business interruption coverage to cover your monthly expenses (and perhaps lost profits) during a period when you are out of business because of a storm, fire, or other covered event.
  • Backup vendors. Vendors may go out of business, or raise prices out of your budget. New vendors may come on the scene offering better products or more attractive prices. Make it part of your business activities to stay abreast of industry developments and keep on hand the contact information about backup vendors.

Conclusion

Sun Tzu in The Art of War said: “Plan for what it is difficult while it is easy, do what is great while it is small.”

You can’t prepare for everything, but you can prepare for some things, so do it!

Tags backup plans backup vendors disaster recovery plan insurance coverage Murphy's Law

Share
Share on Facebook
Share
Share this
Share
Share on LinkedIn

Primary Sidebar

Categories

  • General Business (493)
  • Guest Blog (106)
  • Homepage (21)
  • Small Business (981)
  • SMB Financial (320)
  • SMB Legal (64)
  • SMB Taxes (324)

Barbara’s Recent Posts

  • Moms Know Best: Lessons for Entrepreneurs May 8, 2025
  • Mental Health Challenges in the Workplace May 6, 2025
  • Let’s Celebrate Small Business! May 1, 2025
  • Scaling Your Business: Adding a New State Location April 29, 2025
  • What to Do about Waste Management in Your Warehouse April 28, 2025
  • Restrooms: Not Front Office but Just as Important April 25, 2025
  • Eye Strain: A Workplace Problem to Address April 24, 2025
  • What to Do When You Can’t Get Approved for a Business Loan April 23, 2025
  • A Good Time to Review Your Company’s Driving Policy April 22, 2025
  • Learning New Ways for Spring Cleaning Your Business April 17, 2025
  • How to Build Anticipation for an Upcoming Product Release April 16, 2025
  • Proposals for Better Tax Rules for Small Businesses April 15, 2025
Awarded Top 100 Small Business Blog medal (link will open in a new window or tab)
Marquis Who's Who 2023 Badge
Top Small Business Blogs (Link will open in a new window or tab.)
8 Financial blogs small business Owners Need to Read. Invoice home.  (link will open in a new window or tab)
Best Small Business Blog, Expertido.org
Top 50 Small Business Blogs 2018
Best Small Business Blogs
BizHumm Top 100 Business Blog Award to Barbara Weltman
FitsSmallBusiness.com: Award for Best Small Business Blog 2017 (link will open in a new window or tab)
FitsSmallBusiness.com: Award for Best Small Business Blog 2016 (link will open in a new window or tab)

Footer

Big Ideas for Small Business logo

Small business ideas, business tax news and small business consulting from Barbara Weltman to provide business owners with the information they need to succeed. Visit our small business blog, Idea of The Day®, small business books and articles on small business taxes, small business finance and small business legal advice.

Contact Us

barbara@bigideasforsmallbusiness.com

(772) 492-9593

gacor maxwin situs slot thailand terpercaya situs slot gacor situs gacor akun pro thailand slot bandar togel terpercaya

Latest Tweets

bigideas4sb Big Ideas for Small Business® @bigideas4sb ·
February 17

The Art and Science of Building: Exploring the Intersection of Architectural and Engineering Design https://bit.ly/40Qt0P6 #smallbusiness #design

Reply on Twitter 1891632577175253217 Retweet on Twitter 1891632577175253217 Like on Twitter 1891632577175253217 3 Twitter 1891632577175253217
bigideas4sb Big Ideas for Small Business® @bigideas4sb ·
February 17

4 Crucial Errors in Your Compliance Approach to Hiring - HR Daily Advisor https://bit.ly/4jQCcvQ #smallbusiness #hiring #compliance

Reply on Twitter 1891586740189585747 Retweet on Twitter 1891586740189585747 Like on Twitter 1891586740189585747 Twitter 1891586740189585747
bigideas4sb Big Ideas for Small Business® @bigideas4sb ·
February 17

Is Romance Back in the Office? Is this a good or bad thing?https://bit.ly/3D1Hx2x #smallbusiness #ValentinesDay #workplace #officepolicy

Reply on Twitter 1891567067897168123 Retweet on Twitter 1891567067897168123 Like on Twitter 1891567067897168123 1 Twitter 1891567067897168123
Load More

Copyright © 2008–2025 Big Ideas for Small Business, Inc  |  Designed by Hudson Fusion

  • Privacy Policy
  • Sitemap

Notifications