Business owners should be ready and prepared for unexpected changes in 2025. 

Jamar Cobb-Dennard, a business broker with Indiana Business Advisors, says the one constant in business is change. From new government regulations to fluctuations in materials pricing, Cobb-Dennard says, “Change is consistent.” 

Cobb-Dennard encourages small business owners to think about what plans they have in place to make it through periods of change. He says the most important thing to do when making these plans is to protect your business. He says it’s important to lean on a team of advisors of attorneys, CPAs, insurance brokers, and more. That way, you are covered from all possible angles when executing your plan.  

In addition, Cobb-Dennard says it’s critical to develop systems for your business. Write down protocols and standard operating procedures, so if an employee or CEO leaves a company, someone can take over where they left off. While developing these systems can be time consuming, Cobb-Dennard says to consider hiring a consultant.  

Another strategy for ensuring success during changing times is building hiring redundancies that develop a staff of workers who have multifaceted skills and abilities if someone leaves your company quickly.  

Cobb-Dennard says one way to protect your business from sudden change is to make sure you are not too dependent on one particular client or supplier. In addition, he says to build a competent executive team that can run the business in case of your sudden absence.