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Comparison Chart

Use the following chart to compare your business preparedness as it relates to sustaining or suspending your business. No matter how prepared you are, your business must be financially stable and you must have someone who can take your place if your choose to sustain your business. If you are undecided about the best option for your situation, this chart will help you compare the pros, cons, and some of the reasons behind suspending or sustaining your business.

SUSPEND YOUR BUSINESS?
SUSTAIN YOUR BUSINESS?
You do not have a plan in place and are not prepared to sustain your business during deployment. You have a deployment plan in place that you have discussed with your employees and are ready to implement.
You are the only employee and/or you do not have a key employee or family member who could run your business while you are away. You have a key employee or family member who could run your business while you are away, or you have several employees who could split up your duties and share the responsibility.
Your business is based on a special skill or trade that you possess that could not be duplicated by another person. Your business is not based on a special skill or trade that you possess. Your business could be managed and implemented by another person.
You and/or your family can afford to suspend your business temporarily. You and/or your family cannot afford to suspend your business temporarily.
The cost of suspending your business will be significantly less than the cost of keeping your business open; or you don't have the funds necessary to keep your business open.

The cost of keeping your business open is not significantly higher than the cost of suspending your business; or you have the funds necessary to overcome the costs of keeping your business open.

Your business costs are primarily variable (not fixed) costs that can be avoided during suspension of your business. Your business costs are primarily fixed costs (not variable) that cannot be avoided even if you suspended your business.
You can liquidate your inventory or store your inventory at little to no cost while you are gone. You are unable to easily liquidate your inventory or store it at a low cost until you return.
You can easily resume your business when you return. You would have difficulty resuming your business after an extended absence.
You understand the costs of resuming your business and have the cash reserves necessary to do so. You understand the costs of keeping your business open, have the money to do so, and have saved an emergency cash reserve
You have loyal clients, customers, and vendors who will continue to do business with you when you return. You have not established a relationship with clients, customers, or vendors; or, you are dependent on one-time buyers and would risk your customer base if you suspended business.
You have weighed the pros and cons as well as the costs of suspending business and you truly believe that is the best or only option for your business. You have weighed the pros and cons as well as the costs of sustaining business, you are prepared to do so, and you truly believe sustaining your business is the best option.

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