10 Ways to Crisis-Proof Your Small Business in Uncertain Times

NCMA

10 Ways to Crisis-Proof Your Small Business in Uncertain Times

We’re living in unprecedented times in light of the global health crisis, a situation that threatens the health and livelihoods of millions of people around the globe. As our daily habits change, small businesses face a real risk of riding out the economic storm, which is why mitigating risk and making changes to the way we do business is more important than ever before.

In this article, we’ll address 10 actions you can take to crisis-proof your business. No matter your industry, revenue model, the size of your team or your client base—there is an opportunity to adjust to the changing times and continue building the business of your dreams.

1 – Create multiple income streams

You know the old adage: “Make sure your eggs aren’t all in one basket”? Well, it’s true. Creating multiple income streams diversifies your risk and makes you more resistant…

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