Anyone knows why its necessary for you to have emergency funds in case of layoff/redundancy etc, but have you ever considered that you may need surplus funds, because business is going extremely well?

A sudden influx of cash may be required to upgrade existing premises, buy new computers for additional staff members, the business may even have need of a surplus of cash in the event of a travel emergency. Perhaps you’re shooting a wedding in some exotic location i.e. St Barts, but the weather takes a turn for the worse, and there’s a hurricane headed your way, and you need to upgrade your air ticket in order to change the flight dates to a few days earlier etc. Or perhaps a family member takes ill, and you have to fly back unexpectedly.

There are any number of reasons why your business should have emergency funds available, but hopefully all of them are good reasons!

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