How To Plan for the Unexpected While Keeping a Competitive Edge
If COVID-19 has taught us anything, it’s the importance of preparing for unexpected events. However, how can you balance “expecting the unexpected” while also growing your small business? Figuring out how to balance planning for rainy days while also keeping up with the competition can be tricky, but it isn’t impossible. Understanding your everyday costs, reviewing your internal processes, and perfecting your customer service are just a few ways you can start to manage how to both save and expand. Also, having a rainy day fund could give you a competitive edge in the future against competitors who did not have the foresight to do the same.
