Everything You Need to Know About Business Continuity Plans
We’ve all been affected by the COVID-19 pandemic. The global shutdown has had a major impact on small businesses, reminding all business owners of the importance of risk management. With a business continuity plan in place, the weight of the world— or your business— on your shoulders can be lifted significantly. A business continuity plan offers you and your employees a sense of direction and a feeling of safety and security, improving your daily efficiency.
This article explores the importance of having a business continuity plan. For personalised advice, contact the Resilient Services team today.
What is a Business Continuity Plan?
A business continuity plan (also known as a business recovery plan) helps keep your business afloat during tough times, whether that be a natural disaster, a pandemic, or more day-to-day dilemmas like power outages and IT malfunctions. If travel restrictions have caused you pain or you’ve been impacted by hacking and need to know your data is safe, your continuity plan will have your back. It sets your business up with a plan for if an unplanned disruption occurs so you can continue operating as close to normal as possible.
Who Needs a Business Continuity Plan?
If you’ve got a business, you need a business continuity plan. Whether you work from home, the office, or on the go, disrupted businesses means disrupted dollars, and nobody needs that extra stress. Insurance may not cover all costs when it comes to things like damaged or faulty equipment, and a business continuity plan can comfort you when you know you have your data safely backed up and looked after. Also, if you need to move locations or spread your staff out over a larger area, it’s great peace of mind to know you have that option in your back pocket.
With a business continuity plan in place, you can rest assured that no matter what industry you’re in or how large your company is, your financials will be impacted as little as possible— and hopefully, not at all.
What Does a Business Continuity Plan Include?
It starts with a strategy that is personalised to your business. We will meet with you to conduct a business impact assessment plan (BIA), where we’ll discuss what is of most importance to you and how we can create an individualised plan most suited to you. We’ll consider factors like the size of your office, the number of employees, and the nature of your industry. Your customised pan includes a clear and detailed process on what to do if disaster strikes.
The plan will identify the potential risks that could happen and assess the consequences of those risks. It will run you through how to minimise the likelihood of these possibilities happening in the first place, how to manage them if they do, and ranks the risks according to their priority. We’ll determine what the workarounds can be for each and every emergency should it occur, and how to get you back up and running as quickly as possible.
Industries that are offered a business continuity plan
We create business continuity plans for a variety of industries and hold specialised knowledge that allows us to tailor a plan to meet all your business’ specific requirements. We can construct a specialised plan to meet your needs whether your business is within:
Get a Custom Business Continuity Plan for Your Company?
Enquire with us at Resilient Services to book an assessment for your business continuity plan. We will come to you (dependent on current restrictions) to assess your needs and workplace and answer any questions you may have, or we can deliver our full suite of services digitally. Give us a call on 0439 005 271 or fill out an enquiry form to find out more.