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While small-business decision-makers ranked outages above fire, government regulation, weather damage, theft, and employee turnover as threats to their businesses, only 39 percent of them have back-up power systems, leaving 61 percent vulnerable to the negative business effects of outages, according to the report.
“Keeping the lights on, the computers running, and employees working during a power outage is important for any business, but particularly for small businesses,” said Ed Feeney, an Emerson executive vice president who heads up Emerson Network Power’s Systems business. “Their margin for error is thinner and the competition is tighter, so even a brief outage can do significant harm. This makes back-up power systems a fundamental part of business continuity.”
In a tight economy, a significant power outage could potentially put a small business in the red. On average, power outages cost about $80 billion each year, with 98 percent of the financial losses borne by businesses, according to the U.S. Department of Energy.
“Emerson’s survey findings are alarming considering that more than 99 percent of all American businesses are small businesses, with these companies generating 45 percent of the total U.S. payroll,” said Steve Strauss, nationally syndicated business columnist and author of The Small Business Bible.
“It is critical that small enterprises have a business-continuity plan that includes back-up power systems to keep the business running when the main power source goes down.”
For more information, visit www.emerson.com/smallbusiness.
Publication date: 09/01/2008