Business Overhead Expense
Business owners work very hard to attract and keep clients. Their door seems to always be open and the thought of telling clients to do business with someone probably never crosses their mind. However, it could come to that if a business owner became too sick or hurt to work.
- Can the business survive without the owner generating income for a month, six months or even more than a year?
- Who would pay the office expenses like rent, salaries, utilities and loan payments?
- Would the business lose key employees?
- If the owner does not recover, will there be anything left to sell?