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Separating the Best from the Rest: An Analysis of Why Business Preparedness Is Critical in an Uncertain Future

Erwood Group

Consider the following events causing major impacts to businesses: A car hit a fire hydrant in front of an antique bookstore causing damage to 1,500 antique books costing $300,000 in restoration and repairs. Due to the outage, he was unable to execute a trade to exit a position and lost $70,000.00 in a single day.