Globally disbursed organizations have a wealth of resources that are available to them, especially when it comes to implementing its business continuity plan to continue operations.
Apart from the unlimited availability of funds, many of these organizations have brand recognition and can resume its services based on its name alone, if it needs to relocate. Small businesses do not have the same financial, technology, personnel resources availability.
Furthermore, they are deficient in brand recognition outside of its immediate demographic location. So when disasters occur, it often cripples a small businesses ability to continue its operations, and a number of these smaller operations closes its doors.
Because small businesses do not have the financial resources, it is possible for them to develop a business continuity plan?
Being mindful of its financial limitations, what are five components that a small business should primarily focus on in its business continuity plan? Explain these components are essential.
If a business continuity plan is not financially obtainable for a small business explains why it is not economically feasible. Why options will they have?
Think about Federal or state government assistance and support. Is the government obligated to help smaller businesses restore its operations? If yes, explain. If not, explain. Is the government obligated to offer small companies assistance on a personal level, business level, or both? If yes, explain. If not, explain.
What government resources can assist small businesses after a disaster strikes? Are small businesses guaranteed to secure these resources?