When it comes to business continuity planning, non-profit organizations face unique challenges. An emergency or disaster can mean an increased demand for service and can result in significant operational pressures on your organization.
Could Your Small Business Withstand a Disaster
The sad fact is that most businesses can't. Recent North American studies reveal that 43% of businesses that experience a disaster never re-open and that another 29% close within two years.
Fortunately, most small businesses in Maple Ridge will never experience a major disaster. However, even though the likelihood of a cataclysmic event such as an earthquake or flood may seem remote, these events can and do occur. Every year, BC experiences hundreds of small earthquakes; a massive flood in 2013 caused over $6 billion in damages to Calgary and 30 surrounding communities; a train derailment and explosion in 2013 devastated the town of Lac Megantic in Quebec. These events, while rare, can devastate communities, their residents and businesses.
Much more common are smaller disaster such as fires, water damage from burst pipes, and technology and communications failures. These events can result in businesses being forced to suspend operations for days, weeks or even months. The irony is that what makes small businesses successful - fewer employees, lean production and inventory systems, tight cash flow management - often makes them the least able to withstand these events.
Fortunately, a small investment of your time in business continuity planning can help your business survive.
7 Steps for Preparing Your Emergency and Disaster Plan