Establishing, running, and growing a business entails a variety of risks. Risk is a reality for all business owners and managers, regardless of industry or size. On the other hand, by developing a risk management plan that ensures preparedness for any obstacle to the business or organizations, it is possible to strike a balance between…
By Alexandra Ippoliti Cryptocurrency-facilitated terrorism—international and domestic—is an ever-worsening problem that can affect any one of us. Attacks happen daily against hotels, shopping centers, schools, nightclubs, workplaces, and anywhere people congregate. Their purpose is to make the general population afraid and lose confidence in their government. However, terrorist operations cost money, and they usually get…
by Rose Marie Quintos A business continuity plan outlines the processes and procedures that will help keep critical functions running — or restore them as soon as possible — in the event of a major disaster, whether it be a natural catastrophic event or a technological disaster, like a cyberattack. For a business to be…
by Rose Marie Quintos Having a plan for crisis management is essential for small businesses, especially since small businesses often don’t have internal disaster recovery plans or even risk management programs in place. The problem with this is that crises happen all the time. According to a 2020 PNAS survey, 43 % of small…
By Rose Marie Quintos 74% of companies who faced a major crisis from 2014-2019 sought outside help either during or after their most serious crisis. (PWC) Once or more in your life, you experienced losing something that you value, be it your job, house, car, money, or even someone that you did not expect…
By Rose Marie Quintos According to Yelp.com’s Local Economic Impact Report, more than 97,966 businesses have permanently shut down during the pandemic. Would your organization know what to do in times of natural disasters, cyber-attacks, fires, theft, accidents, or illness? Are you confident that you prepared for different crises that could affect your business? The…