Article Review Example | Topics and Well Written Essays - 750 words - 15

Review - Article Example To formulate an effective plan one must assess prior disaster experiences since the risks vary in size, location, industry, and business size. It is sad to note that businesses fail to formulate a contingency plan for the unexpected event. According to the Disaster Recovery Preparedness Council Survey, at the end of 2013 more than 70 percent of businesses acquire dismal grades in terms of disaster preparedness. The author surveys 100 small businesses in New Jersey, Connecticut, and New York after disaster of Hurricane Sandy and the report reveals that two thirds of the businesses do not have disaster recovery plan in place. Scarinci(2014) says that in October 2012, Hurricane Sandy causes major devastation in New York especially in borough of Staten Island’s many small businesses struggle to recover. After the disaster small business owners, assess the loss and identify the requirements to reopen their businesses as well as apply for financial assistance. Most of the small business owners that try open to their businesses realize that planning is crucial to facilitate the recovery process and prepare for future disasters. In addition to that, the business owners do not understand disaster preparedness since it is a topic that overwhelms them. Small businesses in Staten Island rely on limited assistance due to limited resources. CPAs in the area can provide audit services, tax, financial services. CPAs offer advice on growth, planning, retirement, contingency, development, and disaster recovery. The survey 1 on disaster recovery plans reveals that respondent CPA firms do not have a contingency plan before the Hurricane Sandy. Some of the businesses assume they do not need a disaster recovery plan since it cannot affect them directly. The most widespread problems on the small businesses include computer viruses, utility outages, and power issues. It is positive to note that most of the small businesses