Are you prepared to stay in business?
Imagine stepping into your store, or restaurant, or the office where you run your business a day or two after the tornado has passed, floodwaters have receded, or the oil has been cleaned up. Unfortunately for thousands of business owners across Alabama, this scenario is more than just imagined. It’s a reality that leaves them to deal with the heartbreak of picking up the pieces in the aftermath of a disaster, and with a whole host of unanswered questions. The Alabama SBDC Network has determined that the best strategy to help minimize the impact of disasters on Alabama’s small business community involves A) getting the word out, and B) providing basic education and guidance on the simple steps that businesses can take to protect themselves.
Up to 40% of businesses affected by a natural or human-caused disaster never reopen.
Help us change this statistic.
I Plan to Stay in Business,
and will Download the Alabama Guide to Disaster Planning & Recovery for Small Business below (100 page workbook).
Need someone to guide you through the preparation or recovery process?
Contact one of our business advisors for a no-cost Business Impact Analysis and some objective advice. We’re not here to sell insurance, and we’re not here to burden you with regulations; We just want one more small business to survive the next disaster. We can help with risk mitigation strategies, an insurance coverage review, and continuity planning. Too late for planning? Have you already been impacted? Our business advisors can walk you through the recovery options available from FEMA, SBA, and others (depending on the type and severity of the disaster).
Managing in Times of Financial Difficulty
This checklist is designed to give guidance to businesses on how they can manage through difficult times. Difficulties can be caused by external factors such as a natural, economic or man-made disaster, a decrease in consumer confidence, rising fuel prices, increased competition, difficulty accessing finances and/or increasing interest rates; or they could be caused by internal factors such as poor risk management, failure to manage cash flow properly or because of low profit margins.
Regardless of the causes, small businesses need to take action when the going gets tough. While there is no single cure-all, there are many steps a business owner can take to manage through the difficult times and position the business for future growth. This checklist provides some tips and suggestions. Download the Checklist for Managing in Times of Financial Difficulty.
If your business provides support products or services that are typically engaged immediately after disaster and during the recovery process, you can register as a pre-approved vendor. The ERCA initiative of the Alabama PTAC is an integral part of the state's effort to create a list of pre-approved vendors that will be the first to bid on emergency response contracts. Learn more and sign up here: http://al-ptac.org/erca/ (PTAC is a specialty program of the Alabama SBDC Network.)
Discuss these with one of our small business advisors:
- Supply Chain Risk– Upstream and Downstream Distributors, vendors, manufacturers, utility providers, telecom suppliers, logistics providers
- Resource Assessment HR issues, facilities and space, security, IT systems, equipment, vital records, delivery options
- Incident and Continuity Management
- Vulnerability Assessment
- Financial Controls and Resiliency
- Employee Awareness, Training, and Exercises
Do you need a quick reference guide that can be easily shared with employees?
The Emergency Plan is a short and simple guide that can be used by any employee.