Businesses need to prepare before disaster strikes - WMC Action News 5 - Memphis, Tennessee

Businesses need to prepare before disaster strikes

The Disaster Recovery Journal says 43-percent of businesses that close as a result of a disaster will not re-open.

The reason? Poor planning.

It wasn't a hurricane or an earthquake, but the floods that hit Southaven this past July were devastating nonetheless.

Charles Tackett saw his business, Cowboy Corner, nearly ruined.

"I'm still having nightmares over wading around in a foot of water in the business we've had for 48-years," Tackett told Action News 5 in July.

The store suffered $100,000 in structural damage and lost $40,000 worth of inventory.

"Computer equipment, telephone equipment, security equipment, electrical, that all had to be replaced and that added to the bottom line loss also," he said.

Cowboy Corner was closed for 17 days.

"We're trying to recoup that, but again, that was 17 days of non-revenue producing days and so hopefully by the end of the year we can make that up," he said.

Almost four months later, the boots are back, but Tackett says his company is still in the recovery phase. Tackett didn't have a disaster recovery plan for his business and experts say he's not alone.

"Most people, most businesses, the smaller businesses may not even have one at this point, so in the wake of Katrina and Rita most folks are saying okay well what do I need to do," said Ron Smith, ABCP, with the Mid-South Association of Contingency Planners.

Smith says all companies need to create a business impact analysis, well before a disaster.

"How much money do I lose if I'm closed a day, two days, a week and balance that figure against what's it going to cost me to try to set up either another site or to have one of these people come in and help me in the event of a disaster," Smith.

Smith says one key to continuity after a disaster is a having what's called a "hot site."

"That would be another computer room in another area that has a copy of my data so that I can continue doing business but from some other location," said Tackett.

You should also incorporate employees into your recovery plan.

"You need to make sure you've got a people factor in your disaster recovery plan to take care of are my people safe? Are my key personnel somewhere where I can access them?" said Smith.

The bottom line according to Smith: plan now, or pay the consequences.

Tackett didn't have a plan, but he's working on one now.

Knowing all too well, what it means to be caught unprepared when disaster strikes.

  • News on WMCTV.comNewsMore>>

  • 120-foot cross, topped with crown of thorns, goes up in Batesville

    120-foot cross, topped with crown of thorns, goes up in Batesville

    Tuesday, June 27 2017 11:34 PM EDT2017-06-28 03:34:19 GMT
    The cross, with the crown of thorns, being put in place (SOURCE: viewer)The cross, with the crown of thorns, being put in place (SOURCE: viewer)

    A massive cross now adorns the side of I-55 in Batesville, Mississippi. 

    More >>

    A massive cross now adorns the side of I-55 in Batesville, Mississippi. 

    More >>
  • 'Red Robber' might have left behind trademark clothes, remains on the run

    'Red Robber' might have left behind trademark clothes, remains on the run

    Tuesday, June 27 2017 10:24 PM EDT2017-06-28 02:24:04 GMT
    (SOURCE: Homeowner)(SOURCE: Homeowner)

    The man in red likes to take things - a mower and weed eater from one home, change and a cell phone from someone's unlocked truck, even a little red wagon, and a 2-year-old's lunch box. Neighbors said the thief wears all red and a home surveillance camera caught him as he peered into 2-year-old Willia's backyard where she stored her little red wagon. "If our children's play toys in our backyard at this point, if they can't even have those without worrying about if someone is go...

    More >>

    The man in red likes to take things - a mower and weed eater from one home, change and a cell phone from someone's unlocked truck, even a little red wagon, and a 2-year-old's lunch box. Neighbors said the thief wears all red and a home surveillance camera caught him as he peered into 2-year-old Willia's backyard where she stored her little red wagon. "If our children's play toys in our backyard at this point, if they can't even have those without worrying about if someone is go...

    More >>
  • Lawmakers, advocates request DOJ to continue monitoring Juvenile Court

    Lawmakers, advocates request DOJ to continue monitoring Juvenile Court

    Tuesday, June 27 2017 10:09 PM EDT2017-06-28 02:09:38 GMT
    (SOURCE: WMC Action News 5)(SOURCE: WMC Action News 5)

    Advocates and lawmakers fired back with an official letter aimed at disputing Shelby County Mayor Mark Luttrell's request to end DOJ's monitoring of Juvenile Court.

    More >>

    Advocates and lawmakers fired back with an official letter aimed at disputing Shelby County Mayor Mark Luttrell's request to end DOJ's monitoring of Juvenile Court.

    More >>
Powered by Frankly