How prepared is your business in the event of a disaster? A Business Lunchbox Series sponsored by the Paterson Restoration Corporation on Thursday, July 25, from 12:30 to 1:30 p.m. at The Hamilton Club located at 32 Church Street in Paterson will address the importance of developing a disaster recovery and business continuity plan.
Kate Muldoon, Regional Director of the Small Business Development Center (SBDC) at William Paterson University, says communities in Passaic County such as Paterson, have been severely impacted by weather-related disasters such as flooding over the years. “Superstorm Sandy was an unparalleled catastrophe, but the aftermath was even worse for businesses in parts of Passaic County and the Atlantic Coast, that were still recovering from Hurricane Irene when Superstorm Sandy hit,” says Muldoon.
Muldoon wants businesses in Passaic County to know that she and her team at the SBDC are on call to assist business with their planning and continuity needs.
Errol Bowen, a senior consultant with the SBDC at William Paterson University, will be discussing pre-disaster planning and basic steps business owners can take to protect their assets and respond effectively to potential disruptions to business operations.
“There are many factors that contribute to the disruption of business services – we will take a look at the various threats to business operations, the severity of these threats and the steps businesses can take to plan ahead and mitigate the damages and losses,” says Bowen, a certified public account and business management consultant for the SBDC at William Paterson University.
The National Climatic Data Center (NCDC), the nation's scorekeeper on addressing severe weather/climate events, reports that Superstorm Sandy caused $65 billion in damages in 2012. According to the Federal Emergency Management Agency (FEMA), 40 percent of businesses that suffer a disaster never recover.
To help businesses recover and plan for the future, the U.S. Small Business Administration (SBA) recently awarded the New Jersey Small Business Development Centers (NJSBDC) network a grant to assist businesses following Superstorm Sandy. In addition to Mr. Bowen’s presentation, Ms. Muldoon will also be discussing the services provided by the NJSBDC network that businesses can access to help them develop a disaster plan post Sandy at no cost.
· Assessing Business Operations Pre and Post Super Storm Sandy
· Establishing a Disaster Readiness Plan of Action
· Re-evaluating Your Business Model
· Providing a Risk Management and Financial Readiness Profile
· Improving Data and Cyber Security
· Preparing and Protecting Employees
· Developing a Business Continuity Ready Kit
To Reach the SBDC at William Paterson University
The SBDC at William Paterson University is located at 131 Ellison Street in Paterson. For more information contact Ms. Muldoon at 973-754-8695 or email firstname.lastname@example.org.
The SBDC at William Paterson University is one of 12 centers throughout the state that are part of the NJSBDC network. The NJSBDC network leverages funding from the SBA, New Jersey State Government, the educational institutions that host the 12 centers as well as other private sponsorships and grants. The NJSBDC Headquarters is located at the Rutgers Business School in Newark, N.J.
The NJSBDC network provides comprehensive services and programs for small business in New Jersey, helping businesses expand their operations, manage their growth, or start new ventures. Expert staff and practicing business consultants help small business owners and entrepreneurs to develop business plans, find financing, identify new markets, find procurement and international trade opportunities, commercialize technology and develop an E-commerce presence. This non-profit network is a federal-state-educational partnership, leveraging public and private funding sources to further maximize resources for the small business community. NJSBDC is an accredited member of the national Association of Small Business Development Centers (ASBDC). More than 1,000 centers and satellite offices serve small businesses across the country. Visit www.njsbdc.com for more information.