3 Ways to Protect Your Small Business

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Over the last ten years, a renewed focus on business continuity has emerged across the nation and the world. As small business owners, your employees and customers rely on you to be prepared for all situations — man-made hazards as well as natural disasters.

Ready Business, a business continuity affiliate of the U.S. Department of Homeland Security, created a helpful list of ways small business owners can not only stay in business and keep their employees informed, but also protect their own investments.

1.  Plan to Stay in Business

Stay informed and well educated on the types of disasters that may affect your small business. These hazards can vary based on industry, location, size and scope of your company. Identify critical operations for your company and establish a business continuity plan that will enable day-to-day operations to continue. Create a basic emergency kit and encourage employees to take basic First Aid and CPR classes.

2.  Communicate With Your Employees

Remember to involve all of your employees in disaster planning, and keep a record of each employee’s emergency contact information. Once your business continuity plan is created, don’t forget to engage your employees in regular training seminars and evacuation drills. Write a crisis communication plan incorporating email and text message alerts.

3.  Protect Your Investment

While employees are the most valuable assets, small business owners need to safeguard their companies and secure physical assets. Be sure your company is insured for hazards such as physical loss, flood and business interruption. Conduct a room-by-room walk-through to determine which assets need to be protected in order to avoid damage.

Have you set up a business continuity plan? Do you have any resources you’d recommend to other small businesses? If so, share them below.