Take Action to Optimize Your Business Management
LET'S GET STARTEDPrepare for emergencies
Disasters can take many forms and the financial cost of rebuilding after a disaster can be overwhelming. If you’re prepared for emergencies, you’ll be in a better position to recover and continue operations should disaster strike.
Be prepared
Step 1: Assess your risk
Every business has unique vulnerabilities and weaknesses. Knowing which disasters are most likely to affect your business can help you to return to operations faster. A back-to-business self-assessment can help you to assess your risks for common hazards such as hurricanes, fires, flooding, or even cyberattacks.
Statistics say that 25% of businesses won't open again after a disaster.
Step 2: Create a plan
Your response plan is your roadmap to recovery, so it should be tailored to your business’s specific needs and operations. It should address immediate priorities and be easy to access. Checklists and online toolkits are effective resources to help you develop your plan.
Focus on disasters that pose a realistic risk to your small business. Check the Hazard Management Cayman Islands (HMCI) website for more information.
Step 3: Execute your plan
Practice your plan with your staff so you’re ready when a disaster occurs.
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