The Wall Street Journal.: Complete Small Business Guidebook by Colleen DeBaise

Author:Colleen DeBaise [Debaise, Colleen]
Language: eng
Format: epub
ISBN: 978-0-307-46258-9
Publisher: Three Rivers Press
Published: 2009-06-14T16:00:00+00:00

MANAGING FOR THE UNEXPECTED

No matter how good you are as a businessperson and manager, there will always be circumstances beyond your control that can affect your business. Remember Greg Mangiaracina in Chapter 1, whose home inspection business was displaced by Hurricane Katrina?

No one likes to think about such large-scale catastrophes as devastating hurricanes, earthquakes or—in today’s world—terrorist attacks. Fortunately, those events are rare, but smaller “disasters,” such as computer crashes and power outages, can wreak havoc on a small firm.

Preparing for the worst can help minimize the risk. Sample disaster plans are widely available on the Internet, including the SBA’s website, and can be customized for your business needs.

Here’s a short list of how to prepare to best protect your business, should disaster strike:

Review insurance policies. It’s smart for any business owner to take out property insurance policies, which cover the cost of replacing damaged or destroyed equipment or buildings. But also consider business interruption insurance, which covers lost income in the event that your business is forced to shut down temporarily.

Download

Copyright Disclaimer:
This site does not store any files on its server. We only index and link to content provided by other sites. Please contact the content providers to delete copyright contents if any and email us, we'll remove relevant links or contents immediately.