The article reflects on an entrepreneur's experience with illness that caused them to reevaluate their business resilience and financial preparedness. After a week of being sick, they realized their business's dependence on their constant involvement and the lack of a substantial financial cushion. The key takeaways emphasize the importance of having systems that allow for business continuity in the owner's absence and maintaining at least three months of savings to weather unexpected challenges. This candid evaluation encourages other entrepreneurs to assess their operational security and financial stability.
As entrepreneurs, we love to believe we're invincible. We push through exhaustion, handle everything ourselves and convince ourselves that things will be fine.
Do you have systems in place that allow money to come in without you working every day?
A financial cushion isn't just for personal emergencies - it's also for business.
If the answer is no, your business might not be as secure as you think.
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