Recently a valuable article was posted by Touchpoint: Rainy Day Funds: How much financial liquidity does your business need?. The article begins: "If you lost your best-paying client today, how would you make up the difference in income until they were replaced?" Not something we want to even think about, I'm sure. But clients come and go and we must be ready to deal with the loss of income from their leaving.
The article offers some solid advice for all of us. Let us know what you are doing to be better prepared if and when this happens to you.
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