This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

3 Things You Should Know About Small Business: December 13

"I'm not suing for a bad review -- I'm suing because she called me a criminal," Dietz states in the article.

Several other instances similar to Dietz's has led to litigation over poor reviews, but getting a judge to approve a defamation suit will be much more difficult, the article says. A few states have anti-SLAPP (Strategic Lawsuits Against Public Participation) statutes that "make claims for defamation much more difficult, expensive and time-consuming for a plaintiff to litigate," the article says.

3. Restaurant lessons from Hurricane Sandy. The storm of the century is estimated to have caused $62 billion in damage, maybe a quarter of that is insured losses. Six weeks after the storm, restaurant operators are realizing the importance of disaster-recovery plans, according to QSR Magazine .

"With Hurricane Sandy, everyone was assuming that we would be equally as lucky as we were with past storms," Limor Ziarno, an Edible Arrangements franchisee in Brooklyn, told QSR. "Storms feel a bit like playing Russian roulette, except this time, the bullet fired on everyone and everything in our immediate world. We were not emotionally, physically, or mentally as prepared for Sandy as we could have been."

According to a 2011 SMB Disaster Preparedness Survey, half of small- and medium-sized businesses have no disaster-recovery plan in place, even though 65% of them are in regions at risk for natural disasters, the article says. Even more disturbing, 41% said it never occurred to them to put together a plan, while 40% stated that disaster preparedness is not a priority for them.

One of the biggest pieces of preparation is having a backup place in place to process payroll should a storm take out access to payroll, experts say. Having multiple methods of communication available is also imperative, such as two-way radios, given that during Hurricane Sandy, AT&T, Verizon, T-Mobile, and Sprint all reported widespread power outages and damages to lines and towers, according to the article.

Another big issue in the aftermath of the storm - an extended period of lack of power. Owning a backup generator or emergency lighting ready is also key.

"Operators have to over-think and over-prepare to ensure that your business has everything in place ahead of time," says Frank Garrido, vice president of operations for Edible Arrangements. "Clearly understand your processes and procedures, and make sure that everyone on your team understands the plan and knows what needs to be done."

-- Written by Laurie Kulikowski in New York.

To contact Laurie Kulikowski, send an email to:

>To submit a news tip, email:


Follow TheStreet on Twitter and become a fan on Facebook.
Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.
2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
YELP $22.25 2.80%
AAPL $93.21 -0.44%
FB $117.80 -0.22%
GOOG $701.26 0.80%
TSLA $211.34 -5.00%


Chart of I:DJI
DOW 17,660.71 +9.45 0.05%
S&P 500 2,048.23 -2.89 -0.14%
NASDAQ 4,714.6790 -10.96 -0.23%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs