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Many people believe that business owners are rich. They look at people who own businesses and consider them to have more money than the average person. This is far from the truth.
In fact, many business owners make average wages and many even below average. Of course, they have the potential to make much more but that is the nature and risk of the business.
One thing is certain, small business owners have to do business to get paid. They do not depend on a salary that is paid for by a larger corporation. If their business stops working money stops flowing. That is a serious problem.
Let’s look at some ways that a small business owner could weather an emergency or disaster that affects their business and income.
The most important step you can take is to set aside money when the tides are high. Be sure you are putting aside emergency funding for slow times and disasters. Many businesses get in trouble because they spend big when business is good and rot when business slows down.
Your emergency fund should be to run the business and pay employees as well as yourself when times are tough and that might mean during a disaster.
You can affect the culture of your business by taking on a readiness focus. Let it be known that emergency preparedness is important to you. Your employees will appreciate this and it will bolster your overall reaction to a disaster.
Diversifying Income Streams
A great way to assure you aren’t left at zero following a disaster is to diversify your income streams. That is to have more than one method of making money. Don’t just depend on your business for money. Find out what other services or products you could offer. Make an internet hustle side business to put money away. It all adds up.
Bonus: Root Cellar That Can Be Used as a Bunker
If you can't afford the box culvert option you can look into is building a backyard root cellar that can be used as a bunker.
If you want to learn how to build a backyard bunker like your grandparents had, without breaking the bank, then check out Easy Cellar.
Easy Cellar will show you:
- How to choose the ideal site
- Cost-effective building methods
- How to protect your bunker from nuclear blast and fallout
- How to conceal your bunker
- Affordable basic life support options
Easy Cellar will also show you how a veteran, with only $421, built a small nuclear bunker in his backyard.