Alaa Alghadban

expert panel

Leading a business can be like a roller coaster: There will always be ups and downs. No matter how smoothly things run most of the time, the occasional problem is inevitable, and when one pops up, your team will turn to you for guidance. Rather than panicking during a company crisis, leaders should have a plan for addressing the issue quickly and transparently. To help you create a plan of action, we asked a panel of Young Entrepreneur Council members how they recommend moving forward in such instances. Below they shared nine strategic approaches you can take to handle a crisis with competence and calmness.