Business Disaster Preparedness

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The Federal Emergency Management Agency (FEMA) reports that 40 to 60 percent of small businesses never reopen their doors again following a disaster. Following a disaster, 90% of smaller companies fail within a year unless they can resume operations within 5 days.

This article identifies the seven steps businesses should take to develop a business continuity plan, to be better prepared for a business disruption, and strategic questions management should be asking at each step.

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