It's no secret that disasters happen even in business. But are you ready for it? How much money do you need in your small business emergency savings (Rainy day fund) to help you in the case of those moments? This question is the question we are going to tackle today. First, we need to determine what your current monthly expense is in your small business. If you use a bookkeeping software, this will be pretty easy to do. Print out last year's Profit and Loss report (P&L) and categorize … [Read more...] about How To Create A Small Business Emergency Savings
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I love to help small business owners make their work and home life more organized and effective to speed up actions and minimize costs. I own and write for Sabrina's Admin Services and Sabrina's Organizing Blogs. Feel free to read more about me...