Small business needs to be ready for natural disasters

Posted under: MSMEs
Date: 2024-01-22
Small business needs to be ready for natural disasters

The terrible floods and storms causing great trauma for parts of the country should be a red alert for small business to be prepared for natural disasters, warns the Australian Small Business and Family Enterprise Ombudsman, Bruce Billson. Mr Billson said the overwhelming majority of small and family businesses do not have a current disaster preparation plan for their business. ""An inquiry by my office found only one in four small businesses have a current business continuity plan,"" the Ombudsman said. ""Natural disasters can be devastating for small and family businesses - either their business is directly damaged or wiped-out, or they are an indirect victim who has survived the disaster only to have no customers because of the impact on their town or region. ""Taking simple steps to be better prepared, sensible risk mitigation action and bolstering resilience can help small and family businesses to get back on their feet quicker.""

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