Our topic today is “single points of failure” – do you have any of these in your business, and are you prepared for a possible worst-case scenario? I’m going to ask you some hopefully provocative questions, and then tell you some of the specific things I do to head off disaster.
A single point of failure is defined as part of a system where, if that one part fails, the entire system stops working. The reason I think this is important to talk about is that a lot of us entrepreneurs are extremely forward-thinking. We move fast, break stuff, put a “minimum viable solution” in place that works for now, and we keep rushing forward. We rarely take the time to go back and make sure our ducks are all in a row when it comes to disaster prevention.
Read the transcript and leave a comment! http://www.entrepreneursinmotion.com/failure/