Illinois Small Business Development Center at Harper College

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

You Are The Community Small Businesses n You represent 99. 7% of all businesses in US n You employ 50% of workforce n You generate 64% of the new jobs in the last 15 years n Many of you employ 10 or fewer 2

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

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

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

BUSINESS / TECHNOLOGICAL RISKS 6

Are You Prepared For? 7

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

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

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

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

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

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

NO! Financial Industry Employee Competitor Operations Legal 14

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

NATURAL / HAZARDOUS RISKS 16

Do You Recall? Disasters Can Happen to You! Cook C ounty A dmin buildin g fire in 2008? F 1 Torn ado th through at ripped the Vill a of Bloo mingda ge le in 2008? 9 c ou nt d inc isas ies d e he s o ter a clare f ra fter da in 1 0 in 200 8? Winter storm that shutdown Randhurst, Woodfield and other businesses in 2008? Septem ber 11, 2001 17

What is a Disaster? 18

Are You Prepared For? 19

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

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

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

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

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

Are You Prepared For? Employee Absences Cancellations / No Shows Customer Buying Changes H 1 N 1 25

NO! Fire Winter Storm Tornado Terrorism Flash Flood H 1 N 1 26

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

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

Don’t Be a Statistic! n Make an appointment TODAY! n 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 29

Illinois Small Business Development Center Business Advisers for Established 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.

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