How’s your business doing?
Surviving, thriving, just doing enough? How about making sure business runs like a well-oiled machine? Unexpected things usually happen, and they often do, you could fall short of your sales target and have the need for urgent cash.
You may be able to make all payments now and cover business expenses but how would you manage in the event of a disaster? What about those who depend on you; your family, your team, their families? Think for a moment. Can you afford that risk?
Financial experts recommend saving 3-6 months living expenses, take the same steps in order to plan for your business continuity. Set up at a minimum 3 months operating business expenses in the event of a disaster, collection shortfall or a downturn in the economy. Remember, if you find yourself in a bind and become desperate for cash, it may come at a high cost. Interest rates may not be favorable. Plan now start looking at ways you can save.
Schedule a consultation with us to learn how your business can become more resilient. Join us in social media.
