| Yet,
71% say that small business is the key to economic recovery after a
major disaster such as Hurricane Katrina BUFFALO GROVE, IL
(November 2, 2005) – In the wake of Hurricanes Katrina, Rita, and, most
recently, Wilma, 79% of American small businesses say they do not have a
disaster recovery plan in place, according to a new study from the
International Profit Associates Small Business Research Board (IPA SBRB).
Study participants also believe small business is the key to economic
recovery after a major disaster such as Hurricane Katrina and Hurricane
Rita. More than seven in ten (71%) said that small business is the key
to economic recovery. Only 6% said small business is not the key to
economic recovery and 23% were uncertain.
"With small business making up the overwhelming majority of business
in the United States, the nation looks to small business to lead
economic revival after disasters. Clearly there are opportunities for
entrepreneurs and small businesses especially in light of our findings
that more than three-quarters of small business is unprepared for a
disaster, an unbelievably alarming statistic," said Gregg Steinberg,
President of International Profit Associates, the largest privately-held
provider of management consulting and professional services to small and
medium-size businesses in North America.
"However, no one is immune from being impacted by a natural disaster
or other emergencies, such as a fire. Every small business should have a
recovery plan in place that maps the process of getting back to business
as quickly and efficiently as possible after a disaster."
The International Profit Associates Small Business Research Board
ascertains and reports the opinions of small business owners and
managers on a wide variety of topics related to their own businesses as
well as national and international issues that may impact their
operations.
Participants in the poll provide feedback on significant issues and
allow for real-time insight into the state of small businesses
nationwide. The universe of participants is developed from among small
businesses across the United States. A total of 325 small business
owners and senior managers participated in this IPA SBRB poll. The IPA
SBRB study is a voluntary survey conducted via phone and email. The poll
was structured and supervised through an independent resource.
The latest information about the IPA Small Business Research Board
can be found at www.ipasbrb.com.
International Profit Associates, Inc. (IPA) is the largest
privately held provider of management consulting services to small and
medium-sized businesses in North America. IPA and its more than 1,800
professionals offer a wide range of proven and innovative methodologies
to help businesses grow and prosper regardless of the economic cycle.
IPA either provides directly or through its affiliated companies a
comprehensive array of business advisory services, tax and estate
planning services or merger, acquisition and other financial advisory
services in the United States and Canada. More information about IPA can
be found at www.ipa-iba.com.
|
