Disruptions to your business can happen at any moment. From a loss of productivity and revenue to damaging reputation and customer relationships the impact can be catastrophic.
Business Continuity is about having a plan to deal with difficult situations so your business can continue to function with as little disruption as possible. You need to know how you can keep going under any circumstances.
Make a Business Continuity Plan
A good Business Continuity plan recognises potential threats to an organisation and analyses what impact it may have on day-to-day operations. It will also provide a way to mitigate these threats by putting in place a framework which allows key functions of the business to continue even if the worst happens.
Draw up the plan
One of the most important components of a business continuity plan is actually mapping out a strategy. Use this opportunity to identify key processes and people that keep the business running.
Make a list of all the disruptions that could potentially hinder your operations. Pinpoint the functions that are most critical to everyday business processes and create recovery strategies for each possible disaster scenario.
Conduct business impact analysis
Once you’ve identified all the potential threats to your daily operations it’s time to analyse the impact of those threats. A flood may cause water damage that requires replacement of servers and other equipment, while a fire could result in a situation where you’re forced to close down.
Your business continuity team and management personnel should understand all the problematic scenarios that may accompany a disaster and how those situations could affect the business as a whole.
Backup important data
A good backup plan entails creating copies of anything that can’t be replaced.
- Document files
- employee and customer records
- business emails
If a disaster happens an effective backup strategy can make sure you’re back in business as soon as possible.
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