Disaster contingency plans for entrepreneurs

Illinois entrepreneurs are sometimes called upon to deal with natural disasters and weather events such as flooding, winter blizzards and even earthquakes, and having an effective disaster recovery plan in place could make the difference between remaining in business and folding. Many business owners have contingency plans designed to contend with temporary power outages or unexpected weather issues, but they sometimes fail to adequately prepare for problems with technology and digital information.

Modern global commerce relies on a vast network of servers and computers, and a disruption in one part of the country can impact businesses hundreds or thousands of miles away. Company owners hoping to avoid such problems may wish to contact their vendors and suppliers to find out what kind of disaster recovery plans they have in place to deal with technology-related problems or data losses. This can be especially important when sensitive data such as account numbers or financial information has been entrusted.

Entrepreneurs should also list all of the services and physical assets they rely on to operate, and they should then develop plans that allow them to temporarily work without them. These plans could involve seeking out alternative sources of needed materials, stocking up on emergency supplies or locating temporary office or storage space. Communication is vital in an emergency situation, and all disaster recovery plans should include detailed, accurate and up-to-date contact information.

Entrepreneurs may also wish to have contingency plans in place to deal with unexpected legal challenges. Attorneys with business law experience could point out possible liability issues as well as permit issues and regulatory compliance requirements that could crop up in the future.

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