As a small business owner, you pour your heart and soul into your company, doing everything in your power to ensure its success. However, with growth comes new risks and responsibilities. Protecting your business from potential threats doesn’t have to be a daunting task—it’s about being prepared and proactive. Here are some essential steps to safeguard your growing business. Understand Your Financial Position Keeping a clear and accurate picture of your financial health is vital. Make sure to regularly review your income, expenses, and profits to ensure your business is on the right track. Proper budgeting and forecasting will help…
Author: SBDC
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