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Sunday, August 14, 2022

Disaster recovery plan critical for all small business owners

By Stanley Nakano
Special to The SUN

One of this region’s most expensive disasters unfolded the night of Sept. 9, 2013, when over 10 inches of rain fell in a 24-hour period, devastating Boulder and several other communities with flash floods, inflicting damage on nearly 20,000 homes and hundreds of small businesses. Unfortunately, our region is prone to a variety of natural disasters, such as flooding in North Dakota and Wyoming, tornadoes in South Dakota, and wildfires in Colorado, Utah and Montana that have scorched millions of acres of land.

Statistics show 25 percent of businesses that close because of disaster never reopen. Small businesses are especially at risk because few have the resources to assess their risks and develop recovery plans for the future. As part of its mission to help small businesses start, grow and succeed, the U.S. Small Business Administration can help when it comes to disaster preparedness and recovery. Start with these six simple tips:

The full version of this story is available in the print edition and e-edition of the Pagosa Springs SUN. Subscribe today by calling (970)264-2100 or click here.

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