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Emergency contingency plan for your business – April 2014
Your business is critical to your financial well being and could also be a necessary service to the wider community, so it’s important to protect what you can in times of crisis. There are of course all the natural disasters such as bush fires, floods and even earthquakes that can strike without warning, but Australian business owners have been found to often lack a plan for other possible negative situations.
Emergency management is not just about natural disasters (although you should be prepared for these too), as there are many other circumstances that can arise that could potentially knock your business out of kilter or even out of action.
A contingency plan should outline alternative solutions to problems and procedures to follow in the event of an unexpected event or emergency. In a small business, any downtime in operations can be extremely costly and can result in you losing money and customers to your competitors.
Business Building Blocks is a free online learning resource for small business owners and is a government funded initiative through the Council of Small Business Organisations of Australia (COSBOA), Business Enterprise Centres Australia and the University of Western Sydney. Business Building Blocks suggests that when developing a contingency plan for your business, you should consider the following potential situations:
If your business experiences a partial or total interruption to normal trading, a state government small business resources website provided the following checklist to help get back on track:
Critical information list
There is no warning for the unexpected, so a critical information list can make it easier to hand over the running of a business to others. Here is a sample of a critical information list from a state government small business website, which you can print out and keep. And the federal government’s business.gov.au website has several guides and templates that will help with your emergency contingency planning.
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