18 Practical Ways To Future-Proof Your Business Against Financial Hardship

Image caption: Forbes Business Council members share their insights. Photos courtesy of the Individual Members. Article by Expert Panel® Forbes Business Council.

The pandemic and subsequent economic decline caught many businesses by surprise. Some were completely unprepared to financially support themselves through mandatory shutdowns and decreased sales, while others burned through their savings to keep things afloat.

Even with help from initiatives like the Payroll Protection Program, many business leaders are still grappling with the loss of revenue they experienced at the height of the pandemic. For those who are beginning to recover, the current circumstances have provided an important incentive to plan ahead for financial difficulties, especially when it’s due to factors outside their control. […]

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