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How to Save Money for Retirement - Marilyn Pokorney
REQUIREMENTS FOR REPRINT: You have permission to publish this article free of charge in your e-zine, newsletter, ebook, print publication or on your website ONLY if it remains unchanged and you include the copyright and author information (Resource...

9/13 - Linda Lester
On Thursday, September 13, 2001, I went to facilitate a session with first line supervisors in a company for whom I had been consulting. It was the 6th week of a commitment of 10 weekly sessions. Most of these supervisors had been promoted from...

10 Attributes of Effective Meetings - Steve Kaye
Here are ten fundamental concepts that characterize an effective meeting. Definition: A meeting is a business activity where select people gather to perform work that requires a team effort. A meeting, like any business event, succeeds when it is...

Sarbanes-Oxley: Old Dog, New Teeth - Gerald Czarnecki
The failures we have seen in the quality and integrity of financial reporting in corporate America are clear evidence that something was awry. It is the responsibility of corporate boards, managements, public accounting firms and regulatory agencies...


 

Business Disaster? Won't Happen to Me

Written By:
Denise O'Berry

As fast as you can say business disaster, your business can go up in smoke. That's what happened a while back to Castle Carpet One. Gone were thousands of dollars worth of equipment and carpet, plus two smaller businesses that were housed in the same building. Luckily the owners, Larry and Diane Cox, had plenty of business insurance to cover their physical losses. But they lost their most important business asset - customer records - because of failed back up systems. Rebuilding their customer base will be tough and the long-term revenue impact is hard to measure.

With disasters like hurricanes, tornados, fires, floods and terrorism, to name a few, it's critical for small companies to have a disaster plan. And for companies with only one location, it's even more important. One location companies have the potential to lose the entire business if disaster strikes. For a home-based business, it's even worse. You could lose your home and your business in one swoop. Any small business owner can minimize the damage by simply having proactive strategies in place to deal with an emergency when it happens. What if:

* You arrive at your business to find it vandalized and all of your customer records missing?

* Your most critical employee becomes ill and requires an extended absence?

* Your - continued below ...





continued ...
computer hard drive (or network) crashes?

* You become the primary care giver for a sick family member?

* You become ill and can't manage your customer commitments?

* Your business becomes inaccessible because of an emergency on your street?

What would you do?

Would your business survive? What would you grab if you had to leave your business quickly? After the emergency, how would you communicate with your employees? Customers? How long would it take to get back to business as usual?

Without a disaster plan, you'll have a harder time getting back to work. Most businesspeople think it will just take two or three days. That's tough to do if you have no plan for action and little money to move forward. The reality, experts say, is more like several months and at least 25 percent of businesses that experience a disaster never reopen.

But most small business owners just don't make time for planning. We think it's "never going to happen to us." It could. The time to formalize a game plan for an emergency is before it happens. Do it now.

About the Author
Denise O'Berry is a small business consultant located in Florida. For disaster planning tools and tips, visit http://www.myhurricanecenter.com



_Additional Resources ...









How to find a Professional Advisor that is right for you? - Jim Brown
How to find a Professional Advisor that is right for you? The right professional advisor can help you find the business that you are looking for. Many buyers when searching for a business for sale turn to their accountant and attorney for advice....

Find a Job in a Fast Growing Field Using Labor Market Information For Your State - Chuck Huckaby
The question confronting most people who want to find a job is "what's a good paying job with growth potential?" At one time, the Conestoga wagon building trade boomed as people joined the wagon trains heading west. Today, the boom is long...

Five Tips to Stay Motivated When Your Job Stays Home - Cathy Goodwin
Q. I am considering a telecommute option, where I’d be working from home. How can I stay motivated? A. Five tips to stay motivated -- especially starting out. (1) Build structure into your day. Create a schedule and To Do list every evening...



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