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Emergency savings can help your business survive unexpected crises. John Howie, a SCORE mentor from our Southern New Jersey Chapter walks you through the steps you should take to build an emergency fund for your small business.
How To Use an Emergency Fund
July 1, 2023
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In the second video of our two-part series on emergency funds John Howie, a SCORE mentor, walks you through which of your expenses is the most vital during an economic downturn and where you should focus your attention. When experiencing financial difficulties as a small business owner it's important to allocate your resources appropriately. For a more in-depth look at emergency funds, consider using either the checklist linked in the sidebar here. Need more help? Request a SCORE mentor today!
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Emergency savings can help your business survive unexpected crises. Learn how much money to keep in your emergency fund, how to build it and when to use it.
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