Disaster can strike anytime. Even for those who are prepared, problems can occur without a moment’s notice. However, for those who are not prepared, problems can easily go from bad to worse, and worse to a disaster. Here are some tips which can help you prevent disaster before it strikes.
Make copies of documents and store them in a safe place.
There are documents and there are DOCUMENTS. While there are papers which will not kill your business if you lose them, there are certain papers which you simply have to have. For these kinds of documents, make sure you have double copies – triplicates if necessary. Take things one step further and do what every sensible person does: keep the original in a safe place. Now remember that you are not merely keeping them safe from theft. You need to keep your essential documents safe from natural elements. Get a fireproof, waterproof safety deposit box. Better yet, get something which you can move if necessary.
Make sure you have a line of credit.
Now some people are averse to borrowing money. Establishing a line of credit is different from borrowing, though. Just because you do have a line of credit does not mean that you have to use it. Knowing that you have one in case you do need it will not only give you peace of mind, but also real assurance that you have access to cash in case disaster strikes.
Document processes and contacts.
While you and other key personnel at the office may know everything there is to know about the business, there is no telling when/if you may not be around one day. Documenting processes and contact will ensure smooth operations, no matter what.
Originally posted on March 31, 2011 @ 10:31 pm
