What would happen to your business if a natural or caused disaster were to strike? Are you prepared? Does your team know how to react and the steps to take? The process of developing and implementing prevention and recovery systems to ensure that your business can survive in the event of disaster is called business continuity planning. Every business should have a business continuity plan; are you prepared?
Consider your business: Do you have a business continuity plan in place to ensure that you and your business are prepared should disaster strike?
A business emergency may well be the very last thing you want to think about, but if disaster does strike—whether it’s a flood that damages your hardware or a cyber attack that brings your entire system down—it is imperative that you’re prepared.
Many small- and medium-sized enterprises are under the misconception that business continuity plans are only necessary for major commercial enterprises, but this couldn’t be farther from the truth. Smaller organizations can be especially vulnerable to disasters, as they often lack the human and capital resources needed to get themselves back up and running in the aftermath of catastrophe. Subsequently, a business continuity plan can be especially valuable for smaller businesses.
The bottom line? If you didn’t answer “yes” to the question above, you should be concerned about the future of your organization. If you don’t have a business continuity plan in place, you need to start thinking about developing and implementing one as soon as possible. The longer you wait, the longer you are putting your business at risk.
If you answered yes and already have a plan, the next question is whether you have your business continuity plan on paper.
If you have a vague idea of your business continuity plan but it isn’t actually written down anywhere, now is the time to put pen to paper. If you don’t actually have a written copy of your business continuity plan, it will be pretty hard to implement in the event of a disaster – particularly if you have a team that would assist. To maximize its efficacy, you need a working document.
When writing down your business continuity plan, be sure to include the following elements:
- Potential disasters and their solutions: Figure out where your business is most at risk by pinpointing what disasters are most likely to occur. Are you located in a tornado hotspot? Are you particularly vulnerable to cyberattacks? The key is to figure out where your vulnerabilities lie, and what you can do to address them.
- Recovery strategies: Once you have an understanding of the disasters that might occur, you want to figure out what recovery strategies can be put in place to deal with the aftermath.
- Contingency teams: In the aftermath of a disaster, you need to a plan that details who will do what. Make sure certain staff have specific responsibilities so that you can restore order and get things back up and running again.
- Procedures: Last but not least, you need a clear set of procedures to follow. Make sure each procedure is clearly explained and easy to follow.
In conclusion, if you haven’t yet developed and written down a business continuity plan, don’t waste another moment. And if you need help with your business continuity plan, be sure to check out RingStor. With RingStor’s BCP portal, you can manage all your business continuity planning online at lifejacket.ringstor.com, which means you can update and access your plan from anywhere.