With Hurricane Season upon us, it makes sense to review your business continuity plan. To illustrate why you need a comprehensive plan, here is a story from a business owner in Houston regarding their business recovery experience.
Three Brothers Bakery, a 69-year-old business owned by Janice and Robert Jucker, suffered losses of around $1 million after Hurricane Harvey devastated Houston last August. In 2008, the destruction caused by Hurricane Ike forced the couple to close the bakery for nine months. They lost $1 million after that storm.
Since 2001, the bakery has survived four floods, a hurricane and a fire. Calling herself “the Queen of Disasters,” Janice says she has learned a lot over the years about how to protect their business and recover more quickly after each event. The Juckers received the SBA’s 2018 Phoenix Award for Outstanding Disaster Recovery.
Here are some useful business continuity tips from Janice Jucker:
In the aftermath of hurricanes Harvey, Irma and Maria in 2017, the SBA approved more than 132,000 low-interest disaster loans for a total of $6.8 billion. While the SBA will always be ready to assist businesses, homeowners and renters after a declared disaster, having a preparedness plan in place will go a long way toward keeping your organization intact while supporting the long-term recovery of your community.
Disaster preparedness resources:
Insurance Institute for Business & Home Safety—Tips on how to create your own business continuity plan, how to rebuild stronger, and an interactive disaster hazard map
Ready.Gov—Preparedness tips for risks including floods, hurricanes, earthquakes, tornadoes cyber-attacks and active shooters
Start today to draft a business continuity plan to ensure that you are prepared should a major catastrophe strike.
Source: SBA Administrator