In your business, money has a way of going out just as fast as it comes in. When cash is tight (and it almost always is), many business owners go home at night worrying about lack of cash in their bank account. In fact, 54% of business owners in a recent Forbes survey are losing sleep because of it.

So what can business owners do? Get sleep insurance.

I worked with a very successful veterinarian who had built his practice over 30 years. He started small and built it to having multiple vets working for him. He saved enough for a down payment on a building, which he purchased. 

One day we were talking, and I asked him, “With all the growth you’ve had, did you ever lose sleep over lack of cash flow?” 

He said, “No, I sleep like a baby because I have sleep insurance.” 

I pressed a little bit and asked, “Sleep insurance?” 

“Yes,” he said, “very early in my practice I acquired a line of credit from my bank. Ever since, when I needed cash to bridge the gap in my bank account, I borrowed on my line of credit for a week or two and then paid it back. I haven’t lost a bit of sleep since.”

If you’re losing sleep over cash flow, I suggest you take this business owner’s advice and get a bank line of credit. 

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