Photo by e-strategyblog.com.

If you were formerly a cubicle dweller, it’s a good bet that someone else was responsible for making sure that the smoke alarms in your building worked, that all staff members knew CPR, and that the company had a business continuity plan in case of disaster. Now that you are on your own, disaster preparedness and all that it entails is yet another task that falls squarely on your shoulders—along with janitorial jobs, stocking jobs, mail room jobs, accounts receivable jobs, and all the other parts that make up your business. Being prepared for a disaster is not as hard as it sounds. Here are some tasks to get you started so that no matter what kind of disaster strikes, you’ll be ready.

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Photo by Ella's Dad.

Once you have left the land of COLA raises, paid sick days, and employer-matched 401Ks, not only do you need to be the writer/programmer/web designer for your business, you also need to be your own CFO.

Here are some absolutely necessary components for your business (and life) financial portfolio:

1. You need insurance. In addition to car and home insurance, you must also now fund life, health, and disability insurance. Without these critical coverages, not only could you be swamped with debt brought on by an unforeseen medical situation, but your business could lose its most important asset—you!

2. You need to pay your taxes. Religiously. As soon as income hits your mailbox or PayPal account, it is imperative that you take 30% off the top and tuck it securely away in a separate (interest-bearing) savings account. This money will then be ready to pay your monthly, quarterly, or annual IRS bill, in full and on time. Continue Reading