One of the easiest ways to make your blog more interesting is to have guest authors who write things which are relevant to your audience. Today’s blog post is from my good friend Cindy Hartman of Hartman Inventory
A change of pace from my typical small business marketing tips, today’s column takes a closer look at one element of disaster planning – The Business inventory. In her case study, she points out very clearly why every business should have an inventory. Cindy points out:
A business owner experienced a theft and received a check from his insurance company for $20,000. That would be great except for the fact that his total loss was $45,000! This gap in financial recovery was due to his inability to remember and prove ownership of all the handtools, electric tools and equipment.
He grew his business over the years, and never took the time to document these assets. He now has a thorough inventory – pictures and written report – which will be updated annually. This inventory service cost him $2100; an investment that would have helped him recover the $25,000 that will never be reimbursed.