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.

Review Your Insurance Coverage

Establish a Solid Supply Chain

Plan for an Alternate Location

I Plan to Stay in Business,
and will Download the Alabama Guide to Disaster Planning & Recovery for Small Business below (100 page workbook).

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    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).

    It is important to invest in a preparedness program. The following are a few good reasons:

    • Up to 40% of businesses affected by a natural or human-caused disaster never reopen. (Source: Insurance Information Institute)
    • Customers expect delivery of products or services on time. If there is a significant delay, customers may go to a competitor.
    • Larger businesses are asking their suppliers about preparedness. They want to be sure that their supply chain is not interrupted. Failure to implement a preparedness program risks losing business to competitors who can demonstrate they have a plan.
    • Insurance is only a partial solution. It does not cover all losses and it will not replace customers.
    • Many disasters — natural or human-caused — may overwhelm the resources of even the largest public agencies. Or they may not be able to reach every facility in time.
    • News travels fast and perceptions often differ from reality. Businesses need to reach out to customers and other stakeholders quickly.
    • An Ad Council survey reported that nearly two-thirds (62%) of respondents said they do not have an emergency plan in place for their business.
    • According to the Small Business Administration, small businesses:
      • Represent 99.7% of all employer firms
      • Employ about half of all private sector employees
      • Have generated 65% of net new jobs over the past 17 years
      • Made up 97.5% of all identified exporters.

    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.

     Advanced Topics

    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

     Emergency Plan

    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.

    Download the AL Business Emergency Plan (only 7 pages), and PLAN to stay in business.

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