BizSugar.com › Strategy › Does Your Small Business Have A Back-Up Plan?

By Mariah Courtney

You wouldn’t write an article without saving it along the way. You’d never get on a ship that lacked a lifeboat (Titanic, much?). You wouldn’t dream of skydiving without an emergency parachute. Then why would you ever start a business without a back-up plan?

Launching a small business is risky business. And while it’s tough to imagine your venture ever going south, it’s well worth it to account for rough times. If you’re lucky, your business will thrive and grow without a hitch. But if you run into some trouble along the way, you’ll be glad you made a back-up plan.