Week 27 (Day 4): Emergency Fund and Contingency Planning

Risk Management and Insurance
Written By Brandy Sparkman

Day 4: Assessing Contingency Scenarios

  • Take Action

  • Helpful Tip

  • Free Resource

Week 27 Day 4 Action Plan

Today, we focus on practically navigating and assessing various contingency scenarios. Understanding potential challenges and planning for them is pivotal for business stability.

Take Action: Navigating Contingency Scenarios

  • Identify potential risks or scenarios that could impact your business operations.

  • Develop a list of strategies or actions to counteract each identified contingency scenario.

Helpful Tip:

  • Prioritize contingency scenarios based on their likelihood and impact.

Free Resource:

Stay in Touch

Does it make sense to add an additional buffer in your emergency fund to help offset known risks that are likely to occur?

Until tomorrow, happy financial management!

 
Brandy Sparkman
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Week 27 (Day 5): Emergency Fund and Contingency Planning
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Week 27 (Day 3): Emergency Fund and Contingency Planning