Entrepreneurs – Be Prepared

Boy Scouts used a motto – “Be Prepared.” The idea was to teach the scouts to always be prepared for any situation.

Entrepreneurs can adopt that motto in their businesses.

Develop a philosophy to always be prepared for foreseen and, hopefully, some unknown situations. Does your organization wait until absolutely necessary to prepare for financial year-end, tax returns, regulatory or customer audits, quarterly returns, and so on?

If so, you are not prepared. Being prepared for these situations allows you to analyze problems beforehand and fix them ahead of the deadlines. There is less stress on company personnel and of course the Entrepreneur.

Implement a system of preparing for known events ahead of time so you are prepared. Having that type of discipline may allow you to also be ready for unforeseen situations.

Ravi Patel

www.patelCFOservices.com

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