Stress Test for Business
In this video below, Top Business Brokers Lana Hout and Adrianna Smith discuss The Stress Test. Does your business pass the Stress Test? They explain what the stress test is and give examples of areas of weakness that many businesses face.
Examples of areas of weakness that many businesses face include having: (1) a single distribution channel, (2) high customer concentration, and (3) supplier concentration.
By identifying these areas of weakness in your business early on, you as the business owner can begin to work on minimizing these risks by diversifying your business and having contingency plans in place. Your business will be better for it and more valuable in the end.
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