Introduction A contingency plan is a course of action to help a business determine how to respond to possible future events. Contingency plans are often referred to as “Plan B”. One of the most common contingency plans used by small businesses relates to how to respond to the departure or absence of key personnel. Contingency…Read more about Contingency Planning for Cash Flow Shortfalls[Read More]
Farms and agribusinesses are not immune to a variety of shocks and business disruptions that can occur. In fact, it could be argued that farms and agribusinesses are more vulnerable than many other small businesses. If you and or your spouse were to develop a life-threatening illness tomorrow, would your farm business be at risk…Read more about Adapting and Planning for Farm Businesses in Uncertain Times[Read More]
