Prepare for Disasters

What can you Lose in a Disaster?
A loss is anything that prevents your business operating normally for a period of time. This loss can include loss to assets, records, goods, premises and employees. Remember, a disaster is not necessarily caused by you, but it can be a disaster caused by others.
" The best time to respond to a disaster is before it happens ..."

These can be:

  1. Loss of vital information (customer records, important minutes, destruction of financial records, etc.

  2. Loss of use. For example, damaged goods, machinery wrecked, PC networks are down, supplies destroyed.

  3. Loss of access and use. For example, damage to offices, premises, or problems in your business location.

  4. Loss of employees. For example, employee is ill or dies, manager resigns, etc.

The Key is to be Prepared
The best time to respond to a disaster is before it actually happens.

Business owners need to realise that a small investment of their time and money can prevent severe damage and disruption to the life of their business. There will always be disasters so it is sensible to put in place strategies to meet the challenges that those disasters will bring.

Even man-made disasters such as an oil spill or fire can devastate the economy. Ask yourself what would happen if a disaster occurred in your business then develop a plan that would help your business survive even if it has to close down for a short period.

Never assume that disasters will not happen to your business. Disasters are not things that only other businesses experience. Be prepared and develop a disaster plan so you can rest easier in the future.