No business, no matter its size or the industry it’s in, is immune to the risk of a disaster. FEMA estimates that over 25% of small businesses facing a disaster never reopen their doors.
That’s why it’s critical to have a disaster recovery plan in place before the unthinkable strikes. From the SCORE website, you can download a free Small Business Disaster Planning Guide that discusses what you should consider including in your disaster recovery plan. Also, visit ready.gov/business for excellent disaster plan toolkits and checklists to help you plan for the worst.
Some of the key takeaways from these resources include:
- Who will be on your recovery team and what are their roles and responsibilities?
- Where will you temporarily relocate your business in the event of an emergency?
- How will you communicate (internally and externally) during a disaster?
- What procedures should be followed if you experience an interruption in accessing the technological tools necessary for running your business?
- What are the critical business functions within your company and how will you restore them?
- Do you have backup vendors and suppliers you can depend on if yours are temporarily unable to serve you?
The above is just a sampling of what you may need to address if ever you face an emergency that renders your business temporarily inoperable. With the livelihood of your business on the line, there are many good reasons to make disaster planning a priority. The best disaster plan is one you have customized to fit the unique requirements of your business. Plan now to avoid debilitating consequences later.