Hartford Business Journal Custom Publishing

CTSBDC Post-Disaster Checklist

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2 CT Small Business Development Center • CTSBDC | GrowCT.com | PrepareCT.com Checklist for re-opening your business after a disaster FIRST PRIORITIES A er a disaster, your natural instinct may be to reopen your business as soon as humanly possible. However, it's important to recognize that business aer a disaster such as a flood or fire is anything but natural. Key suppliers, employees and customers are all affected. It's crucial to step back, take a deep breath, and reflect on all options available to you before throwing open the doors again. e options available to you depend greatly on the financial health of your business. And having a good assessment of your business's status is the way to best analyze your position — and your choices moving forward. is way, you can determine whether: • You can afford to reopen your business and have it be the same as it was before the disaster • You can or should expand, downsize or even close your business. e following areas of consideration and accompanying questions will help you make the best possible decisions for your business aer a disaster. We hope it can help guide you during a difficult time. Looking inward Were you happy running the business before the disaster? Were you making the profit you wanted? Did you prefer being your own boss? Have you considered other opportunities? Are you prepared for the potential extra demands that recovering your business will place on you, both personally and financially? Assessing the damage Is your facility operational? Can you reopen without significant repairs? Are your inventory, supplies and equipment recoverable? Have any of your staff been affected by the disaster? What are your chances for future success?

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