It is always very difficult for you to recover whenever this kind of a thing happened to your business especially when they cart away with every of your product and machinery that you used to run your business. Without having external support financially, it is going to be very difficult for you to start up back.
How to rise financially after a business burglary
- Thread starter cherry123
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It is always very difficult for you to recover whenever this kind of a thing happened to your business especially when they cart away with every of your product and machinery that you used to run your business. Without having external support financially, it is going to be very difficult for you to start up back.
Oh! Sorry to know about that. It must have been terrible. Working online doesn't come with a big money unless it's very high skilled job. It must have been trying times for you. What is your plan in the long run? What was your business about? Didn't you buy insurance for your business??
This is not a good thing to experience. Did they pay you back with the real value of the necklace? I hope they did. Being stolen by burglars cannot be controlled. The great thing the pawnshop was insured.
There is a friend of mine that I also had such experience and she actually posted her shop on Facebook when it was broken into and everything was taken away including her generator. Even now, she's yet to get back to her business.
The pawnshop did not pay me. They replaced instead with a very cheap necklace which I threw back to them. That was a very painful and terrifying experience in my life. I was a new teacher that time and there was a business I intended to start with the money from spawning my expensive necklace.
The way to rise financially after a business burglary is to make new plans, one of which is to seek loans from family or friends. After that, try to ask for time leeway for debts that are due, if any. If they still don't want to give concessions on debts that are due, then pay them with the loan money. The remaining money is used for business operations.
That's a very good advise. It doesn't mean that because you experience burglary that will be the end of everything. There are so many ways to stand where you fall and start all over again. It's not all the time life is like bed of roses. There are times we pass on a thorny path.
I believe you are doing well online. You don't have to look down on your online hustle. I know you are hardworking ad you would get back on your feet again.
I think this can be fixed by the insurance companies. Businessmen can buy the policy against theft by burglary on their businesses. In the evident of the insured risks the insurers can compensate the Businesses, indemnity.
Not only burglary but anything untoward can happen to our business at any time. So, it is always advisable to be ready with a plan that you can fall back on.. Having your business insured is important. Also always save for rainiy days. This might not be the end of the world, but till your next action is implemented, you will have some money to fall back to.
The first thing to do when things like this happen is that you have to cut all your expensive expenses and reduce your standard of living so you can add it to your business
It is better to forget about the incident and look for ways to improve the business again.
Sometimes it's not easier to forget the setback easily and move ahead. But then that's how life is and one has to gather up and start afresh. These incidents can be a great learning experience. One can take care of the things that went wrong for the burglary to happen. Security would be taken seriously for later businesses.
