June 18 - Small Business Administration (SBA) celebrates its 50th anniversary of Small Business Week. Small Business Week is designed to recognize the contributions of America’s entrepreneurs and small business owners. According to the SBA, more than half of Americans either own or work for a small business, and they create about two out of every three new jobs in the U.S. each year.
Small businesses play such a critical role to our economy; therefore, a plan is key if faced with an emergency. Some tips small businesses should consider in disaster are:
• Contacting your insurance company to find out your exact coverage;
• Calculating the financial effect (per day) a disaster would have on your business; and
• Creating a detailed communication plan for your employees.
Want to learn more? Read lessons learned from a small business owner in reestablishing business after a natural disaster: http://www.sba.gov/sba-direct/article/118071
For more information on preparing your business in case of disaster visit the SBA website, http://www.sba.gov/content/disaster-planning