from Kerry Lutz's Financial Survival Network
Looking to plan out your business more efficiently and minimize unforeseen risks? Clay Ogden comes on the show to talk about how you can do this, and essentially “insure” unpredictable obstacles/tragedies that may affect your business. This can be done through 831(b) insurance plants, which allow business owners to take excess profits/revenues. It can be up to 10-15% of your gross revenue; this money is set aside, and can be deferred for the future or invested if you don’t end up using it. Tune in to find out more about how you can stay prepared and protect your business.
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