Outside forces often threaten a business. Sometimes we can do something about it, sometimes not. Look for threats you can mitigate either through planning, insurance, or a change in business strategy. Some common ones are: having a single client who represents over 20% of your income, not having a Business Owner’s Policy, Errors & Omissions Policy, or other necessary insurance coverage, or being weighted too heavily in one industry. Look at external threats and deal with them before the problem becomes real.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment