Well that incident can happen to anybody anywhere anytime in the world, emergency response or rescue team should be fast enough to respond to criticial situations, but sometimes they might be late and the whole place may have burnt down. There are situation that are worst than that in a civilized country. Accident do happen regardless of the location, but the question is that as a business person, what are the precaution measures taken in regards to personal safety or fire hazard? I believe safety is the first priority of any business, this mean that a person doing buying and selling needs fire extinguishers in all locations in regards to safety, so that when Minor issues happens, it can be controlled in it's early State. But in the absence of that, a little fire that would have been controlled at its early stage, but out of negligence, the man losed a lot.
A fire in a small shop often causes major damage. If some measures are taken at the beginning when a fire breaks out in that shop, then the damage can be reduced to a large extent. A business establishment or shop requires a few employees in addition to the owner, if a fire breaks out in that shop or business establishment and if it cannot be controlled, then the family of every employee in the shop will see financial problems, which can result in major losses.
If a small or large business establishment or shop has a fire extinguisher, then the fire can be extinguished in a short time. Many people avoid these things to save such expenses, as a result of which when a fire breaks out in their shop or business establishment, they are not able to extinguish the fire and later regret it themselves. Especially in the case of small businesses, not everyone has the financial capacity to handle a major accident.
Therefore, when starting a business, in addition to calculating profits, one should also prepare for possible risks, because whether the business is small or a big danger never comes, it is better to avoid danger. Keeping your employees, customers, and relationships safe during times of danger is your responsibility and a big part of success.