Smart businesses have a disaster planJuly 6, 2011
The monster tornado that recently paralyzed the city of Joplin, Missouri, as well as hurricane season being upon us, should serve as a wake-up call for all small business owners to review their business continuity plan.
All too often, when faced with a major event that could impact their operations, small business owners react in an ad hoc manner that exacerbates their difficulties.
Successful business owners understand the critical importance of disaster planning. It is not a onetime undertaking, but rather a dynamic ongoing process which changes along with the marketplace and the business itself.
While every situation cannot be anticipated, small business owners should consider these five fundamental items when making their business continuity plan:
Planning for disasters now will enable a small business owner to respond in an efficient and cost effective manner and will provide a tremendous return on investment for the time dedicated to this effort. There are way too many truisms attesting to the need to be prepared. Small business owners ignore them at their peril and their companies’ survival.
Jim Carroll is the Vice President of Small Business for the Hampton Roads Chamber of Commerce and executive director of the Hampton Roads Small Business Development Center. He can be reached at (757) 664-2595 or www.hrsbdc.org.