Keep Detailed Records

Then store them off-site, for insurance purposes.

Nov 13, 2002

Keep detailed records of the value of your office or store'scontents off-premises. Include photos of equipment plus copies ofsales receipts, operating manuals and anything else that proveswhat you purchased and how much was paid. That way, in case of afire, flood or other disaster, you can prove what was lost.It's also important to be able to prove your monthly income soyou are properly reimbursed if you have to close downtemporarily.

Excerpted from Start Your Own Business, 2nd edition: The OnlyStart-Up Guide You'll Ever Need

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