How do you prepare for fire, theft, and other problems that may postpone your business operation? Be ready with your gift basket disaster plan.
It can happen
Being prepared for disruptions is nothing new in business, and that’s also true in your personal life.
You’re not in control of everything.
- Gas and electric service may suddenly stop
- Weather-related problems cause havoc
- Clients in specific industries may cease operating
- A levee break may flood your space
There is a lot that can occur, and a scenario that’s even worse is one that leaves you wondering how to proceed.
Safety products were on top of my buying list when I moved my family into our first apartment. That equipment included:
- Fire extinguishers
- Carbon monoxide detectors
- Escape ladder
Thankfully, and after all the times I’ve replaced the extinguishers and detectors, I’ve never once had to use any of it. However, my family and I feel secure having these items in our home and office.
Get it together
Creating a short, yet concise plan for unexpected problems is part of your initial business start-up process. What does your business disaster plan include? Does it:
- Secure computerized data outside of the office?
- List all inventory along with its value?
- Insure all of your business possessions?
That’s just the beginning.
I have two people on my team who make sure all of my business documents are stored properly. At first, the assessment began with me taking time to list all valuables because I was the only person on my team. Now I recognize who is best to help me handle these matters so it’s done correctly in case a disaster occurs.
A valuable lesson
My husband once had a multitude of tools in his car’s trunk, and unfortunately the trunk was open as a person walked by and saw the tools. You can guess what happened.
One morning my husband left our apartment for work but came rushing back announcing that his car was stolen. The car was later found stripped of every tool.
We had apartment insurance but could not claim the tools because my husband had no inventory of the valuables.
You don’t regularly keep every receipt for everything you purchase for personal use. However, business use is quite different because it’s mandatory to have receipts for yearly tax reconciliations.
Last word about your gift basket disaster plan
If you haven’t created a disaster plan, I encourage you to take time to do so. My gift basket clients and I review their recovery plan every six months, and I just spoke with a designer during a coaching call. I can help you to easily put your plan together.
Documenting your valuables allows you to be compensated for loss and restructure your business so it continues to serve customers and secure your lifestyle. Consider completing this task before year’s end whether on your own or with help.