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On a yearly basis, I have the opportunity to speak with thousands of business owners on a variety of topics. A common discussion point concerns the desire of business owners to maintain a healthy business and healthy employees, with a plan to ensure both for the future.
As often as possible, it is necessary to be proactive and ensure you are prepared in case of an emergency in your business.
Are you prepared if there is a natural disaster or any other circumstance that may limit your access to your business?
There are many natural disasters that can prevent you from conducting business as usual. Read through the Government of Canada’s list of hazards and emergencies by clicking here. It’s a useful resource to identify the many possible threats to your business, including:
Business Continuity Plan
Have you considered creating a Business Continuity Plan (BCP)?
A BCP is a document written for the purpose of proactively identifying hazards and ways to minimize risk, ensuring your business experiences minimal disruption or can survive through a stressful period of time. Click here for variety of resources broken down by province.
There are different elements to consider when you’re developing a BCP:
Recovering from Disaster
An article from Business Development Canada with tips on how to ensure your business can operate after a disaster can be found here.
Here are templates that can be useful to you: Business continuity plan and templates for entrepreneurs
Quick Facts on the Role of Government
When a disaster has impacted several businesses and homes, there might be considerations from government for funding. Here are the basics of what you should keep in mind.
There are many factors that will challenge your business, such as environmental and internal factors – government, market trends, finances and skilled employment. The importance of preparing for an emergency is crucial – many people do not anticipate anything wrong happening, yet always keep in mind the following:
Keep your business and employees healthy and plan ahead with the resources provided above. You will appreciate having a process in place to avoid confusion and stress in the midst of potential chaos.
Protect your business! It is your legacy!
Author: Cesar Gomez, CFIB Business Counsellor
Cesar Gomez Garcia has been with the Canadian Federation of Independent Business for six years. His current role at the CFIB is helping our members, which are small business owners with their question on compliances. These questions can range from Employment Standards, Health and Safety, as well as complicated red tape situations that small business face today. His passion is reading and writing about entrepreneurship. Learn more about Cesar.