4/3/2023 0 Comments Forager puzzlesConsider a 2017 Federal Reserve Banks survey that assessed the business conditions, insurance coverages and credit standings of small businesses located in FEMA-designated disaster ZIP codes. Plenty of business owners have learned this the hard way.Īccording to the Bureau of Labor Statistics, half of all small businesses don’t survive longer than five years. If you haven’t, the smart move is to prepare now - not after a problem arises. Have you thought about how you should protect this investment? Let's examine some proactive steps for minimizing risk in your business, so you can focus on what matters most … growing it.Īn essential part of your small business plan should include identifying the threats and risks it could face and how to prepare for them. You have a lot of time and financial investment in your business.
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