Page 8 - September 2023 Issue.indd

The Rate of Change possible is the best defense against change upending your

business. The term we hear used to describe this planning for
in Business the inevitable that may never happen is “resilience.” One part of
being resilient means understanding that change could happen
By Debbie Bowden, Director, and having plans in place to survive the change or mitigate
Caroline County Economic the outcome of that change. Resiliency in business calls for
Development and Tourism imagining worse case scenarios (key member no longer on
the team or a storm causes structural damage) and putting
into place plans to allow the business to continue to operate
with the change (having a succession plan for key members or

The old axiom – “the only thing that is certain in life is change”
having a solid building insurance policy in place).
– seems to have never been truer than in 2023. Th e shift ing
economy, new workforce expectations, personnel changes, Today, when we say, “things aren’t the way they used to be,” we
price changes, shipping changes – it all makes operating a could be talking about changes that happened in the course of
business challenging to say the least. a month or even a day. Change is inevitable – what makes us
successful as business leaders – as human beings – is how we
The real issue seems to be the rate of change. Our world ebbs

deal with that change through resiliency.

and flows at a much faster pace than it used to, and planning
in business must take that into account. Think about trying to FYI - Please take the Comprehensive Plan survey - look for the

fill a position – you advertise it, receive resumes, do interviews, QR code in an ad in this publication.

and find the candidate. There is a greater risk that months or

Caroline County Economic Development and Tourism is an offi ce
even weeks later, that perfect candidate is going to make a
within Caroline County government. For updates on any future
change and look for another position. As a business owner, it
business support, please visit carolinebusiness.com, sign up for our
is all-consuming to manage that type of change.
newsletter, and follow Caroline County Economic Development
Change can happen in an instant, or it can come slow and on Facebook.
methodical. Being prepared for as many contingencies as
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