Storms have the ability to attack your business’ cash flow, whether they are physical or financial in nature.
We all witnessed the onslaught of Irma and Maria as they swept relentlessly throughout our Caribbean region; leaving behind nothing but destruction and despair. Please remember to do your part in any way you can to support our brothers and sisters as they recover.
As a business owner you must be well-equipped to handle the onset of a storm or a hurricane.
Here are my suggestions:
Weathering the Physical Storm for Your Business
Here are some questions to consider when preparing for a hurricane:
Careful consideration should also be given to acquiring business interruption insurance. This insurance covers the loss of income a business suffers after a disaster, as well as the closing of a business during the recovery process after a disaster.
I am recommending every company sit down and work out the logistics for preparing effectively for a hurricane.
Weathering the Financial Storm for Your Business
In some circumstances, companies experience challenges with their cash flow.
It could be the result of the following:
How do you weather the financial storm for your business? Please consider the following:
Ready or not, here they come.
Are you storm prepared?
Melinda Belle is the Founder and Managing Director of Astrape Finance, the caring, knowledgeable, trustworthy, financial company guiding you to financial stability and prosperity through education, sound planning and advice. firstname.lastname@example.org