Being prepared for a disaster that could seriously affect your business’s ability to continue functioning is an absolute must. You’ll need all hands on deck following the event to maintain cash flow – but foresight is the real key to recovery.
Discuss the potential natural and manmade risks to your business with your staff and any advisers. Facilitate a brainstorming session to put all the possible risks to your business on the table. You can then:
Insurance can become a significant issue after a disaster. Without the right insurance and enough coverage you could find your business in an uncertain position.
It’s best to become familiar with the fine print and conditions of your policy before an emergency happens.
Your recovery plan should detail how you plan to mitigate the effects of a disaster, and how you intend to quickly rebuild your business following the event. Work through (with your staff) the likelihood of various events and how you can keep your business operational.
Make sure you have multiple copies of your recovery plan in different locations, including online where it should be available if your physical workplace becomes inaccessible.
Rather than waiting until it’s too late, start putting disaster recovery measures into place now. For instance, you could:
If there are fewer injuries during a disaster, your business will be able to recover faster. Put some simple details in place so your employees are as safe as they can be. For example, it’s smart to:
How do you deal with cash flow when a disaster causes you to temporarily shut down your business?
For your business to survive you’ll need to track down your employees. Put measures in place to make the post-disaster situation a little easier so your staff can really help the business to maintain cash flow and productivity.
For example, having a plan for your employees’ transport and their kids’ daycare (and allowing flexible work schedules) could all come in handy following a disaster.
Make sure your customer database is up-to-date with email and mobile phone details so you can keep in close contact.
If supplies or services will be disrupted, try to give your customers a clear picture of the extent of the problem and when you expect to be able to deliver.
If your business has been forced to relocate, let your customers know where you’ve moved.
At times of crisis, you’ll want to have the best security available to keep your online and computer hard drive information safe.
If a burglary occurs (or a disaster leads to looting), the future of your business might depend on the level of security of your data or critical information. Some precautions you could take include:
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