Every small business owner should do a risk profile of the business.
Does the business deal in...
Necessities?
Nice but not necessary?
Luxuries?
Is the sales/service in an area....
sensitive to economic downturns?
neutral to economic downturns?
immune from economic downturns?
Is the sales/service....
Sensitive to supply chain disruptions?
Neutral to supply chain disruptions?
Immune to supply chain disruptions?
More to follow on the next post.
