Is Your Business Resilient?
Is your business resilient?
According to FEMA, around 40-60 percent of small businesses that have been struck by disaster will not reopen.
Does this statistic surprise you? A lot of people don’t consider the serious impact a disaster, such as a storm, fire, or flood, can have on a small business. It not only can destroy the building and surrounding property of the business, but can also destroy essential information, contacts, etc., which can put a quick end to the business’ existence.
By taking action before a disaster strikes, you can take steps to increase your employees’ safety, your business’ resiliency, and your clients’ trust.
It’s important you follow the steps below to keep your business safe!
- Keep your company records, documents, and contacts stored in paperless form (on Google Drive or iCloud, for example)
- Pre-establish policies for employees, vendors, and customers in order to maintain trust and stability, and also to retain relationships and positions
- Do a threat analysis. Assess any possible risks your business may be susceptible to, from a hurricane to a cyber attack
- Develop a continuity plan. FEMA recommends creating your plan using these four steps:
- Conduct a business impact analysis
- Identify, document, and implement recovery strategies
- Compile a business continuity plan with others in your business
- Conduct training, testing, drills, and exercises to teach, practice, and evaluate the plan