A company that experiences a computer outage lasting more than 10 days will never fully recover financially. 50 percent will be out of business in 5 years.
An estimated 25% of businesses do not reopen following a major disaster.
Those are some sobering statistics (PDF), but they are just that: statistics. It is human nature for us to say, "That will never happen to me." Just think for a moment if it did. The physical aspects of your business are one thing, but what about all of the time, energy, and sleepless nights that you put into building your business' name and reputation. It is impossible to put a monetary value on that, and no insurance company will pay you for the effort you put into your company. This is why planning and preparing for a possible disaster is so important; we want to protect not only the physical part of the business, but the intangible assets as well.
Every day Teton County depends heavily upon local businesses for nearly all aspects of daily life. This dependence will grow exponentially during a disaster when resources are needed for rebuilding and recovery. If Teton County lost one out of every four businesses after a disaster (as the statistics state), it would be catastrophic not only for the economy, but for the residenthttps://www.ready.gov/business/implementation/continuitys and visitors of Teton County as well.
If you have any questions about emergency preparedness, planning, or response in regards to your business, contact us in Emergency Management by email or call 307-733-9572.