How well are you and your business prepared for disaster? It’s an important question, considering that over half of all businesses fail after a major disruption. From a one-person business to a company that employs hundreds of people, few think a major disaster can happen to them. So they don’t take precious time out of their schedule to do some planning.
Yet disasters, from fire to floods to cyber attacks and sustained power outages, are more common than you may think. And research shows that if business can’t resume operations within 10 days after disaster hits, it probably won’t survive. The good news? A small amount of planning now can help make all the difference in how you and your business weathers an unanticipated disaster.
Here are some important ways to soften the impact of a temporary business interruption: