Magazine article Information Management

Small Firms Unprepared for Disaster

Magazine article Information Management

Small Firms Unprepared for Disaster

Article excerpt

According to a national survey, 40 percent of small U.S. businesses admit they are not prepared for a disaster-and one-third said they have no plans to prepare.

Of those businesses indicating they were not prepared for a natural disaster:

* 37 percent said they had not taken the time to do so.

* 17 percent indicated it was too expensive.

* 11 percent claim not to know what to do.

The survey of 5,000 small business professionals, commissioned by Office Depot, did show that small businesses located in natural disaster-prone regions (coastal areas or the Midwest) are far more inclined to prepare for disasters. But nationally speaking, a full 25 percent of business owners said they would rather deal with a disaster when it occurs than get ahead of a potential problem.

"What's most alarming about these new survey findings is that small businesses still have strong misperceptions about what they can do to help prepare for a disaster so they will be ready to handle any potential business interruption;' said Tom Serio, director of global business continuity for Office Depot. …

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