Friday, July 19, 2013

Getting back to business and rebuilding a dream – after Hurricane Sandy swept it away

Can you imagine yourself owning your business in the NY-NJ shore swept away by Hurricane Sandy? Not only the physical location of the business is gone, but all your books and records, contract files, vendor and client information. How can you continue your business? Can you at all?
Any business can find a new location to open an office. But how would you find your vendor information? How can one reconstruct a business when all books and records are stored on a computer located in a building that no longer exists? How can you file an insurance claim without a support of accounting records?

How many of such businesses exist? A lot. How many of them gave up and feels hopeless to rebuild what is gone – a lot of them. If lucky, the insurance company would cover some of the lost business income or similar expenses, but it can’t really help you get back to where you were.

Well, a well-versed accountant can make a difference. A big one. Using publicly available records, your business records can be reconstructed in a short period of time, your books and records can be rebuilt. You can have access to accurate books and records, vendor and client information. You probably lose the latest open timesheets you recording your most recent work, but you can get back to work, reach out to your clients, pick up the business where you left off.

When it comes to use the money you received from the insurance company, probably the best use of it is to invest it into yourself and your business – to get back to business, full-swing, sooner rather than later. You must turn some profit again, make a living. You earned it with years of hard work.

Possible?

Yes, it is possible.

And if you still believe in your business and want it (and what it had to offer you) back, please reach out to me. My name is Sylvia Pacher, I am always here for a free consultation to see how I can help you get back on your feet and back to business. Please do not hesitate to email me personally to schedule a free consultation or to forward my contact information to anyone who could benefit from it (spacher@myvirtualcorporate.com).

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