Note: Running Fridays in FromGregsHead.com, is a continuing series of tips brought to you by Greg Price. These run Saturday mornings during the BusinessMaker’s Radio Show on KPRC 950AM. Audio files can be found on the Entrepreneur’s Playbook page of the PKF Texas website.
With the recent release of this season’s hurricane report, now is a good time to assess your company’s disaster preparedness. Can your company survive if it’s hit by a tornado or have an IT meltdown?
Having a disaster recovery/business continuity plan is critical to protecting your organization, should a devastating event occur.
The plan should take into consideration the following: personnel, internal and external communications, technology issues, facilities, electronic payment systems, liquidity concerns, financial disbursement and manual operations.
Make sure you take the time to review your procedures at least annually, if not every six months.
The Small Business Administration has several comprehensive documents on their website, sba.gov that can assist in the development and implementation of your plan.
Being prepared for disaster is something you can’t afford not to do.