Posted by Vishu Rao, Solutions Architect, Veoci
In an earlier blog we examined how weather and other disasters have a severe impact on small & medium-sized businesses, and learned some startling facts. 47% of them do not recover. During 2012 alone, there were 47 presidentially declared disasters affecting 32 states and territories. Superstorm Sandy was the worst of them all with preliminary losses due to damage and business interruption estimated at $65.6 billion. Thousands of local businesses never came back.
In a disaster preparation workshop organized by the New Haven chapter of SCORE*, I had the opportunity to address how small businesses can better prepare themselves for disasters in terms of communications to employees, suppliers, customers and other stakeholders. Here are some vital actions that small businesses should consider to increase their resilience and likelihood of surviving a crisis: Continue reading