Building Your Business Emergency Fund

Be Prepared for Anything: Why You Need a Business Emergency Fund

Unexpected events happen. From a broken down delivery vehicle to a sudden drop in sales, having an emergency fund can shield your business from financial shocks. 

Here’s why it’s important:

Peace of Mind: Knowing you have a safety net reduces stress and allows you to focus on running your business.

Maintain Operations: Cover unexpected expenses without having to resort to high-interest loans.

Maintain Growth Momentum: A buffer allows you to seize new opportunities without derailing your progress.

 

Start Small: Begin by setting aside a small percentage of your profits each month (even 5% is a good start). Gradually increase your contributions as your business grows.

Talk to a financial advisor  about setting realistic emergency fund goals for your business.

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