Small business owner? Here’s how to safeguard your enterprise in times of disaster

  • 📰 CNN Philippines
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

How can start-ups and MSMEs safeguard their businesses once calamity strikes?

In light of the recent calamities—typhoons and earthquakes—that struck the country, the issue of disaster preparedness and resilience has once again been thrust into the spotlight.

“What happens to small businesses... the small businesses almost never recover. Unless they have something set aside for them to actually rely on in order to replenish their cash supply,” National Resilience Council President Toni Yulo-Loyzaga told CNN Philippines’ On The Record on Thursday.Creating a continuity plan

“And this is usually linked to supplies-- what are the products you can sell on a daily basis? Once those physical lines are interrupted, what is your option? These are the challenges the small and micro face,” she added.In line with risk assessment, the National Resilience Council has also launched the Adopt-A-City program—a key initiative targeted to reduce local government units’ exposure and vulnerability to hazards.

The campaign also includes lectures and trainings, which will help officials put a"baseline" on their current risk assessments.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in US

United States United States Latest News, United States United States Headlines