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Are You Prepared?

Illinois Small Business Development Center at Harper College

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Are You Prepared?

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  1. Illinois Small Business Development Center at Harper College The ILSBDC at Harper College is funded in part through a cooperative agreement with the U.S. Small Business Administration, Department of Commerce and Economic Opportunity, and Harper College to help our local businesses start, grow, and expand. Are You Prepared? Presented by: names

  2. You Are The Community • Small Businesses • You represent 99.7% of all businesses in US • You employ 50% of workforce • You generate 64% of the new jobs in the last 15 years • Many of you employ 10 or fewer

  3. Have You Considered the Risks? • Business / Technological • Natural / Hazardous

  4. Unprepared? • If You Experience a Disaster: • 25% never reopen • 80% that do not recover within 1 month are likely to go out of business • 43% never reopen if they experienced a major loss of business data

  5. Impacts More Than YOU! • Vendors • Transportation Channels • Customers • Service Providers

  6. business / technologicalRisks

  7. Are You Prepared For?

  8. Are You Prepared For? Credit Line Pulled Credit Card Rates Increase Revenue Deterioration Financial

  9. Are You Prepared For? Partner Leaves Employee Violence Union Strikes Employee

  10. Are You Prepared For? Downturn Vendor(s) Goes Out of Business Strike Industry

  11. Are You Prepared For? Competitors Merge Customer Leaves Pricing Pressures Competitor

  12. Are You Prepared For? Equipment Breakdown Technology Changes Materials in Short Supply Operations

  13. Are You Prepared For? Contract Breach Regulations Changes Tax Increase Legal

  14. NO! Financial Industry Operations Employee Competitor Legal

  15. Then • Plan for the Likely Risks • Develop a Risk Plan • Scenario • Response • Why • Remain competitive • Protect jobs • Protect your investment

  16. Natural / hazardousRisks

  17. Do You Recall? F1 Tornado that ripped through the Village of Bloomingdale in 2008? Cook County Admin building fire in 2008? Disasters Can Happen to You! 9 counties declared a disaster after 10 inches of rain in 2008? Winter storm that shutdown Randhurst, Woodfield and other businesses in 2008? September 11, 2001

  18. What is a Disaster?

  19. Are You Prepared For?

  20. Are You Prepared For? Power Outage Burst Pipes Roof Collapse Winter Storm

  21. Are You Prepared For? Computers Ruined Inventory Damaged Records Destroyed Flash Flood

  22. Are You Prepared For? Strip Mall Leveled Building Destroyed Company Vehicle Damaged Tornado

  23. Are You Prepared For? Business Data Destroyed Business District Crippled Customer Data Theft Terrorism

  24. Are You Prepared For? Fire Employee Injury Property Damage Repairs

  25. Are You Prepared For? Employee Absences Cancellations / No Shows Customer Buying Changes H1N1

  26. NO! Fire Winter Storm Tornado Terrorism Terrorism H1N1 Flash Flood

  27. Then • Plan Your Response • Develop a Business Continuity Plan • Event • Response • Recovery

  28. What Is It? • A Business Continuity Plan helps • Protect people and property • Resume critical business functions • Minimize downtime to retain client/customer

  29. Don’t Be a Statistic! • Make an appointment TODAY! • ILSBDC at Harper College • Free 1 on 1 confidential plan development advice with a qualified Business Advisor • Free Survive & Thrive Workshop • Tuesday, December 8, 2009 • Tuesday, January 12, 2010

  30. Illinois Small Business Development CenterBusiness Advisers forEstablished and Start-Up Businesses The ILSBDC at Harper College is funded in part through a cooperative agreement with the U.S. Small Business Administration, Department of Commerce and Economic Opportunity, and Harper College to help our local businesses start, grow, and expand.

  31. Illinois Small Business Development Center at Harper College The ILSBDC at Harper College is funded in part through a cooperative agreement with the U.S. Small Business Administration, Department of Commerce and Economic Opportunity, and Harper College to help our local businesses start, grow, and expand. Call For An Appointment Now! ILSBDC at Harper College 847.925.6520

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