Discuss the given statistic that 50% of all organizations that close their doors for more than a week never reopen due to lack of planning

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timer Asked: Nov 25th, 2016
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Question Description

Discuss the given statistic that 50% of all organizations that close their doors for more than a week never reopen due to lack of planning. What are the issues for small "Mom & Pop" type businesses? Is BC planning within their financial ability to perform? What options does a small business have?

Tutor Answer

henryprofessor
School: Duke University

Attached.

Running head: SMALL BUSINESSES

1

Businesses
Name
Institution

SMALL BUSINESSES

2
Small Businesses

Any organization whether big or small is not immune to disasters which could be
naturally occurring or triggered by man. As such, it is very crucial to have some form of
insurance that can cover from such kind of risks. One in every two businesses or organizations
does not resume normal operation following a disaster (Chubb, 2016). Especially in the case of
small business...

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