If the last four years have taught us anything, it's that failure to plan is planning to fail. Without a disaster preparedness (...and subsequent recovery) plan in place, a business can incur significant financial losses, reduced staffing/productivity, out-of-pocket overhead expenses, and severe damage to their reputation that can lead to lost customers, revenue and even forced closure. Here Are A Few Tips To Keep In Mind: Like Romans 13:8 says "Keep out of debt and owe no man anything..." Knowing your numbers helps keep a balance sheet well-balanced. Maintaining detailed P&L and updated balance sheet numbers and reviewing them on a quarterly basis will keep you from getting caught by surprise during a financial crisis.…Read More
