How Small-Businesses Owners Can Build Resiliency

Building the Business Case for Resilience

Extreme weather events are affecting millions of people with increasing frequency. The National Climate Assessment reports the number of heat waves, heavy downpours and major hurricanes has increased in the US over the last two decades, while the strength of these events has also risen. The impacts of natural disasters make it clear that the climate challenges we face are real. More than ever, our global energy and infrastructure must be able to withstand extreme conditions. Our lives, communities and businesses depend on it.

“Importantly, resilience and reliability are not the same thing.”

Joe Williams

Microgrids are progressively being used to keep the power on and processes running, even in the face of extreme weather. Gaining approval for a microgrid project, however, can be a complex task. From my perspective, there are three key challenges: building the business case for resilience, managing utility interconnection and determining how to finance the project. I will cover the latter two topics in upcoming articles, but let’s first examine resilience…READ ON

How Small-Businesses Owners Can Build Resiliency

How Small-Businesses Owners Can Build Resiliency

Resilience is an essential component of a successful business, especially in uncertain times. These days, discussions around “resiliency” are prioritized on meeting agendas in boardrooms and executive suites around the world, from government to private enterprise. While planning around this concept may mean one thing for larger, slower-moving organizations that are often harder to maneuver quickly, it could mean something else for small-business owners and solopreneurs.

Being resilient in today’s world is truly a dance between staying connected to your vision and knowing when and how to shift and let go of the plan while keeping your spirits up and the hope alive

Their bigger competitors may have greater resources to invest in new initiatives, but small, nimble businesses can often effect change faster, lacking lengthy corporate approval processes. Of course, smaller companies are also often already running lean operations and might have to stretch their budgets to ensure they can be as flexible and adaptable as possible…READ ON

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