It makes shrewd business sense to build an emergency fund, cash put aside for a rainy day. Businesses that fail to have a ‘safety net’, a sum of money kept aside to pay for unexpected expenses, can find themselves in a whole host of trouble.
When working on a tight financial leash, for many businesses, creating an emergency fund can be easier said than done. The good news is, with a little astuteness and know-how, businesses can save for an emergency fund without really noticing.
