Developing a business continuity plan is essential if you want your business to survive disasters. With a comprehensive plan in place; you can reduce or eliminate risks, costs, and downtime when or if a disaster occurs. A business continuity plan describes all the possible scenarios you may face and the solutions to these problems. By preparing your organization in advance for a range of threats, you can avoid the possibility of your business shutting down permanently.
Preparation for Potential Threats
As Murphy’s Law states, “Anything that can go wrong, will go wrong.” Business owners and C-level executives have the responsibility of assessing the various risks their companies may encounter. An organization’s survival depends on being fully prepared for the following risks.
- Natural disasters
- Power outages
- Computer theft
- Data breaches
- Employee error
- Data corruption
- Hardware failures
Survive with a Business Continuity Plan
A business continuity plan consists of several sections with step-by-step strategies, analysis, and policies for what to do when a particular disaster occurs.
Business Impact Analysis
Every business continuity plan must include a business impact analysis.
Once you know the potential threats your business may face, you then determine what impact any disaster will have on your business. For example, during a pandemic, you have fewer in-store customers. Power outages mean possible downtime. Ransomware prevents access to critical business data. These scenarios affect revenue, increase expenses, and prevent or delay business operations.
An important step for any business continuity is protecting your digital assets. You do this with automated backups of your vital files and systems. A 3-2-1approach is often best. You have at least three copies of all your digital assets. You use two different media types such as hard disk drive, solid-state drive, external drive, or NAS device. You also have at least one off-site or remote copy, such as in the cloud. Using a hybrid approach for backups and storage ensures that your data is available for recovery.
A disaster recovery plan is a necessity. With backups stored securely, your company can quickly recover if any data or systems are lost or damaged. There are a few disaster recovery approaches you can use. There is DRaaS (disaster recovery as a service) for cloud-based recovery. While your company may just need to recover files or databases, another company might want to recover entire systems with virtualization or a virtual machine.
Many organizations were taken by surprise when the Covid-19 pandemic forced millions of people to work from home. Business continuity plans now include policies for handling remote workers. Whether employees usually work from home or move to home offices once a disaster strikes, there must be uniformity with all workers. This includes creating a secure, centralized remote access system.
Updates and Testing
Continuity plans include when to update hardware and software, and schedules for regular testing of backups and disasters recovery plans. By updating your plans and testing them, you know that the plans will work before a disaster unfolds.
A well-crafted business continuity plan gives you peace of mind because your know your business will survive a natural or man-made disaster.
Creating business continuity and disaster recovery plans is vital to the longevity of your organization. If you need help with data backup, storage, and recovery plans, contact the experts at RingStor. We are a data management company that protects your most important files, databases, and systems. Email or call us today at (609) 955-3422.