Climate Change Preparedness and the Small Business Sector

The report outlines how small businesses can emerge as leaders in climate preparedness by maximizing climate-related opportunities and minimizing climate-related risks. Most significantly, small businesses can maximize revenue by reorienting their business model or launching new products or services to take advantage of increased consumer demand for alternatives to traditional products as a result of climate change. Furthermore, small businesses can simultaneously minimize losses from extreme weather by strategically investing to make their businesses more resilient; by developing business continuity plans and by engaging with their local communities to increase education on responding to climate change.

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