There may be a surprising silver lining to the Covid-19 crisis for some small businesses.
Wilmington Trust's upcoming Business Owners' Outlook shows that for some entrepreneurs that may mean working remotely or having better communication with employees. For others, it could be creating or revising a plan for what would happen if another unexpected event hit their business. "By planning for what's next, they're not only mitigating risk, but what that is doing instead is for their future," Johnson said. "One that is much better positioned [for their business] to be able to be sold at the end of the day."
Fudge says she has had little time to plan ahead for what would happen to her business if she wasn't around, and losing a loved one recently made her think more about her future and the future of her business.
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