Week 27 (Day 3): Emergency Fund and Contingency Planning
Day 3: Understanding Emergency Fund Basics
Take Action
Helpful Tip
Free Resource
Week 27 Day 3 Action Plan
Today, let's explore the fundamental concepts of Emergency Funds, understanding their importance and how they act as a safety net for your business during challenging times.
Take Action: Mastering the Basics of Emergency Funds
Familiarize yourself with the purpose and significance of an emergency fund.
Identify the optimal size and structure for an emergency fund suitable for your business.
Helpful Tip:
Start small but start today; every bit in your emergency fund counts.
Free Resource:
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What are your total operating expenses and could you cover them for an entire month? Two months? Three months?
Until tomorrow, happy financial management!
