{"id":4871,"date":"2021-05-26T00:00:00","date_gmt":"2021-05-26T04:00:00","guid":{"rendered":"https:\/\/www.whitcomb.com\/building-a-fortress-balance-sheet\/"},"modified":"2022-02-04T17:16:33","modified_gmt":"2022-02-04T21:16:33","slug":"building-a-fortress-balance-sheet","status":"publish","type":"post","link":"https:\/\/www.whitcomb.com\/blog\/2021\/05\/26\/building-a-fortress-balance-sheet\/","title":{"rendered":"Building a Fortress Balance Sheet"},"content":{"rendered":"\n
The best way to weather a storm is often by being prepared before the storm hits. In the case of small businesses, this means building a fortress balance sheet.<\/p>\n\n\n\n
What is a fortress balance sheet?<\/strong><\/p>\n\n\n\n This long-standing idea means taking steps to make your balance sheet shockproof by building liquidity. Like a frontier outpost or an ancient walled city, businesses that prepare for a siege\u2014in the form of a recession, natural disaster, pandemic, or adverse regulatory change\u2014can often hold out until the crisis passes or the cavalry arrives.<\/p>\n\n\n\n Building a fortress balance sheet isn\u2019t just a good idea for mitigating risk. Healthy cash reserves can also enable your firm to capitalize on opportunities, expand locations, or introduce new products.<\/p>\n\n\n\n Consider these suggestions for building your own fortress balance sheet.<\/p>\n\n\n\n Remember, the best time to get money from a bank is when it looks like you don’t need it. You do this by creating a fortress balance sheet!<\/p>\n","protected":false},"excerpt":{"rendered":" The best way to weather a storm is often by being prepared before the storm hits. In the case of small businesses, this means building a fortress balance sheet. Like a frontier outpost or an ancient walled city, businesses that prepare for a siege\u2014in the form of a recession, natural disaster, pandemic, or adverse regulatory change\u2014can often hold out until the crisis passes or the cavalry arrives.<\/p>\n","protected":false},"author":18,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"post_statement":"","post_description":"","post_cta":"","post_button":"Read More","post_button_url":"","compliance_id":"","post_disclaimer":"","footnotes":""},"categories":[46],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.whitcomb.com\/wp-json\/wp\/v2\/posts\/4871"}],"collection":[{"href":"https:\/\/www.whitcomb.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.whitcomb.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.whitcomb.com\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/www.whitcomb.com\/wp-json\/wp\/v2\/comments?post=4871"}],"version-history":[{"count":1,"href":"https:\/\/www.whitcomb.com\/wp-json\/wp\/v2\/posts\/4871\/revisions"}],"predecessor-version":[{"id":4942,"href":"https:\/\/www.whitcomb.com\/wp-json\/wp\/v2\/posts\/4871\/revisions\/4942"}],"wp:attachment":[{"href":"https:\/\/www.whitcomb.com\/wp-json\/wp\/v2\/media?parent=4871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.whitcomb.com\/wp-json\/wp\/v2\/categories?post=4871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.whitcomb.com\/wp-json\/wp\/v2\/tags?post=4871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}