Mastering Risk

The Top 6 Preparedness Mistakes Most Entrepreneurs are Making (And How to Fix Them Fast)

Dr. Jeff Donaldson, CD Season 15 Episode 21

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Are you unknowingly setting your business up for failure?

In this eye-opening episode, Dr. D reveals the Top 6 Preparedness Mistakes that most entrepreneurs make—and exactly how to fix them before disaster strikes.You’ll discover why 91% of small and medium businesses face major disruptions every single quarter (U.S. Small Business Administration stat), yet most owners are still “winging it” when crisis hits.

Here are the 6 critical mistakes covered:

No formal business continuity plan
Inadequate cybersecurity measures and training
Poor cash flow management with zero runway
Over-reliance on a single supplier or logistics source
Zero data backups or redundancy
Buying the wrong (or no) insurance

The best part? The first five fixes are completely free—they just require a little education and effort. Dr. D shares the exact strategies he uses at Preparedness Labs Incorporated (a proud five-figure business) to stay protected, including simple password rules, update habits, supplier backup systems, air-gapped data storage, and more.

Stop treating insurance as an expense, learn why it’s your ultimate investment and how to get the coverage you actually need. Whether you’re a solo entrepreneur, startup founder, or running a growing small business, this episode could save you from financial ruin. 

Free Resource Mentioned: Download the 7-8 page Risk Management Strategy Guide at https://preparednesslabs.ca (completely free under “Free Strategy Guides”).

Don’t wait for the bad day to hit—watch now and start protecting what you’ve built. Subscribe for weekly insights on risk management, business resilience, and real-world preparedness for entrepreneurs.

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Comment below: Which of these 6 mistakes are you guilty of?

Visit us: https://www.preparednesslabs.ca

DISCLOSURE 
Information shared here is for educational purposes only.  Individuals and business owners should evaluate their own business strategies, and identify any potential risks. The information shared here is not a guarantee of success. Your results may vary.
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