A Fool and His Money

100’000′s of business have been affected by the credit crunch. From small 1-man businesses to large multi-million pound organisations.

It may be a little late but even though, it’s early. Why? Another is always possible.

How should you prepare for future crisis? Read on:

• Always play safe
  Although business is risk and playing safe will decrease your rate of growth, you are almost guaranteed to go through another crisis more steadily.
• Backup
  Keep a good amount of money stashed away for times like these. Not only this, also have a secondary plan for if your business goes bust. A plan that would keep you (and your dependents) on their feet for at least 3-6 months.
• Don’t Borrow money
  It IS because of this that businesses go bust. If it means you wont grow your business for another year, then let it mean this!
• Hope
  What else you going to do?

Don’t be the fool…

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