Came upon this exquisite piece from Entrepreneur and thought we’d share it. The article is by Alex Gold and it’s called How to Create a Resilience Plan for Your Business.
In it, he shares some interesting insights. This one’s particularly interesting:
There are two key ingredients to these resiliency plans that are unfortunately often overlooked in the drafting process. First, entrepreneurs must seek the plan and acquire the resources for a foundational level of security to risks both known and unknown. Second, entrepreneurs must focus on financial security and either developing cash reserves to cover a shortfall or having a list of lending solutions available.
Gold gets quite in-depth in his discussions so you may want to read the rest of the article. Click on this link to Entrepreneur.com to gain access to the rest of it.