It’s easy to panic in the midst of a crisis. But just like anything else with your business, a well-laid plan can help you smoothly navigate it.
Have you ever heard of disaster recovery and business continuity? Basically, they’re processes that enable businesses to survive a crisis — no matter what it’s caused by: a natural disaster, economic downturn, personal emergency, or something else.
There’s a lot involved, but one of the most important parts of recovery is how the company manages their finances before and during a crisis. This isn’t just for large corporations, mind you. These practices are really useful for businesses of all sizes, from solo freelancers to enterprises.
If you’re reading this, then you’re probably wondering what you can do to manage your freelance finances when you’re in the midst of a crisis. That’s what I’m going to lay out for you today.