The U.S. Small Business Administration (SBA) has released a Business Resilience Guide to help small business owners prepare for and recover from disasters. The guide, divided into six sections, offers best practices and templates for mitigating disaster impacts and rebuilding stronger.
SBA Administrator Isabel Casillas Guzman emphasised the critical role of small businesses in local economies and the SBA’s commitment to their recovery from disasters. She highlighted the increasing economic impacts of climate change and natural disasters, noting that the guide provides essential tools and strategies for business resilience.
Key areas covered include:
– Understanding the Current Landscape: Documenting essential operations and identifying dependencies.
– Identifying Key Partnerships: Maintaining relationships with crucial vendors, suppliers, and collaborators.
– Safeguarding Vital Resources: Data backup, cybersecurity measures, and infrastructure protection.
– Strengthening Financial Readiness: Managing cash flow, securing emergency funding, and minimising financial losses.
– Embracing Proactive Mitigation: Risk assessment and mitigation tactics.
Francisco Sánchez Jr., Associate Administrator for the SBA’s Office of Disaster Recovery and Resilience, underscored the importance of proactive planning for small businesses to withstand and recover from disasters.
The SBA also provides a range of resources at SBA.gov, including financing options, business counselling, contracting opportunities, and disaster assistance, supporting small businesses in their growth and success.
