If you’ve just seen on the news that there is a major storm system approaching your place of business, you know that this means your business will have to be closed down for several days. So what can you do to make sure that the store itself is not damaged? How can you ensure that you do not lose a large amount of revenue during this period of time? For small business owners this can be a bit of a challenge. Below you will find five ways that you can go about protecting your business from the next big storm.
1. Have a plan
Most of us have emergency plans for our homes, but how many business owners actually have plans for their business? Even if you are a small company with very few employees, it only makes sense to make sure that everyone knows what the plans are for any type of storm. According to the ready website, setting up a plan like this is not difficult to do. You can follow the information on this site to implement this type of program within your business.
2. Prep the building
If you own the location where your business is than you should have no problem making the necessary arrangements to protect the building itself. For example you will want to make sure your gutters are cleaned out, and that all outside items and brought inside. If you do not own the building where you business is located you may have to check with the owner of the building and get permission to make certain preparations. It is smart to asses what the risk is and then make the necessary preparations. It may also be a good idea to share the risks with the owner of the building since they may not be aware of the possible damage that can be caused by a storm.
3. Emergency cash fund
Many companies tend to depend on their insurance company to provide them with the cash flow they need after a storm causes damage to their business. In most cases however you have to remember that there is usually a waiting period before you can get access to this money. During that time your business could be losing thousands of dollars. Why not start now to set up an emergency cash fun just for your businessmen to have during the recovery phase after a storm. You can accomplish this by setting aside some money each week from your business profits.
4. Set up your business to work remotely
If you and your employees are unable to get to the office it really does make sense to set things up so that you can work remotely from your homes. If you and your employees are able to still work just hours after a storm has passed this will be a huge benefit, not only to you but also to your employees and your customers. This means having some type of back up plan in place for when this happens.
5. Vendor back up list
In the case of an emergency you may not be able to contact the vendors who you regularly work with for your business. This means that you will need to have a back up vendor list, readily available. It may be a good idea to choose vendors who work in another part of the country from your regular vendors. This way if a storm hits the one area, your business will still be able to function. It’s a good idea to contact these vendors in advance and let them know that you are going to put them on your back up vendor list. Setting up a relationship with these vendors can only benefit you in the long run.