Navigating the Black Swan

Black swan events—like the 2008 financial crisis and the COVID pandemic—often come with high velocity and are slow to recover. While these events are difficult to predict, the best way to get ready for the next crisis is with extreme preparation. Looking ahead with intentional risk management, here are 8 ways to prepare your business, family enterprise, or family office to better position itself to respond and adapt. By taking an active approach, you can lessen the damage and negative impact of what cannot be predicted—and after a crisis such as the pandemic, it can pay off exponentially by saving lives, your net worth, business revenues, and recovery cost.