Disaster Planning
The tragic happening of September 11, 2001 has
affected and touched us all. We have seen and heard of the losses. All feel as
though a part of our everyday lives has been stripped away in some way, shape,
or form. We at Bailey, Carr & Co. extend our deepest sympathy to those who
have lost a family member or friend.
It is a time for businesses and individuals
to learn and to grow from this experience. As business owners ourselves, we are
made more aware of the need to plan for such disaster. Not letting this
overtake our lives, but to make sure that if a fire, theft, the freak of mother
nature, or a tragic incident such as just happened were to occur to us that we
would be protecting our vital financial interests.
In planning for the unfortunate, business
owners and individuals need to itemize their financial interests such as:
business records, closing papers on all real estate, life insurance documents,
wills and brokerage accounts to name just a few. Once this is done, one needs
to decide if there is an off-site location to store copies or data of this
information. If there currently is not a location, you should consider
establishing one.
If you are a business owner, are your
computer backups stored off-site? If not you may wish to start this procedure
in the very near future.
If you are an individual, have you made
copies of your important documents? If not, make those copies. Give them to the
executor of your will or open a safe deposit box and inform someone outside of
your home of their location. The effort and cost to accomplish this should be
minimal compared to the effort and cost to replace the documents.
Disaster planning is not what we should put
all of our focus on. However, it is now one prominent variable to the process
of planning.
This is a time where we can all become
examples of success. Strive for more, set goals high, and motivate your fellow
workers. This is not about being number one or coming out on top, but it is
more about doing what is right.
Throughout life we have peaks and valleys,
just as the stock market does. It is how you respond in those valleys that make
you who you are.
If we can be of any help with your disaster
recovery process, please call us. Our concern is your long-term financial
well-being.
