Writing a business plan can be a daunting task for any entrepreneur.

It requires thorough research,

careful planning, and strategic thinking. However, there is another type of plan that is equally
important for the success of a business - the business continuity plan.

A business continuity plan is a document that outlines how a business will continue to operate in the
event of a major disruption or disaster. This could include natural disasters, cyber attacks, or even a
pandemic like the one we are currently facing.

Many business owners may overlook the importance of a business continuity plan, thinking that such
disasters will never happen to them. However, the reality is that these events are unpredictable and
can happen at any time. Without a solid plan in place, businesses can suffer significant financial
losses, damage to their reputation, and even face closure.

The Difficulty of Writing a Business Continuity Plan

One of the main reasons why business owners may hesitate to create a business continuity plan is the
difficulty of writing one. Unlike a traditional business plan, a continuity plan requires the
consideration of various worst-case scenarios and the development of strategies to mitigate their
impact.

Moreover, creating a business continuity plan requires a deep understanding of the business
operations, potential risks, and the resources needed to keep the business running during a crisis. This
can be a time-consuming and complex process, especially for small business owners who may
already have limited resources.

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necessity. Don't wait until it's too late to protect your business from potential disasters. Order a
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Hire an expert if you need to, as the entire fate of your business is at stake. Frequency of exercises
really depend on two things; 1 - the variability in your workforce and 2 - the maturity of your plan.
Your insurance plan will also need to cover all the unforeseen damage that may occur that is not a
direct consequence of the disaster. These can be any number of risks including natural disasters such
as fires and earthquakes to man-made risks such as cyberattacks. In the case of a major disaster that
affects your industry, your business will be positioned not just to survive but to take advantage of
opportunities that arise from others who were less prepared. A natural disaster might require a
company to move to a different location. Security breaches must be part of the overall plan as well
as personnel availability. In New England we face weather ranging from snow, ice and tropical
storms yearly. Plan testing should be undertaken using tabletop exercises, walk-throughs, practice
crisis management communications and emergency enactments to test the viability of the plan and to
see how employees and executives react under stress. A malware-driven system failure or bout of
illness could have a significant effect on business operations. Don’t think if disaster strikes others
will help me. The results of this will determine whether you need to improve your efforts. Thank you
“ It is better to be prepared for an opportunity and not have one than to have an opportunity and not
be prepared. ” “ It is better to be prepared for an opportunity and not have one than to have an
opportunity and not be prepared. ” Editor's Notes The agenda for the morning. You must update the
plan daily to consider your business’ everchanging circumstances. You can quickly recover your data
and applications. Counsel JAN15 - Eileen Archibald Counsel JAN15 - Eileen Archibald Eileen
Archibald Digital Crisis Management Digital Crisis Management Scott K. I mean from a business
perspective, because it’s not a good look from a branding or customer experience perspective when
in-demand products are impossible to buy. Your business can get hit with unexpected challenges like
downtime, data breach, and security breaches. However, weather related disasters are a little more
than 50% of the interruptions that happen everyday. While a business continuity plan’s specifics may
vary based on several factors, five components are essential in every business continuity plan. If
there’s something wrong with a phone number, then it can take a considerable chunk out of your
precious time to find the right one and eventually resulting in a late response to the crisis. Email
Fully managed email hosting with premium SPAM filtering and anti-virus software. Companies also
need to deal with unexpected challenges. A business continuity plan will help you in avoiding chaos.
Which could you use to communicate with customers. If you do, you’ll need to evaluate the
adequacy of their business continuity plan and the compatibility with your plan. Start learning how
your company can take everything to the next level. If required, consider appointing a spokesperson
for any media queries, being clear and transparent by communicating with staff, customers, and
suppliers before the media. In countries that regularly deal with these catastrophes, a disaster
recovery plan is a standard part of a business plan.
Natural disasters include all natural phenomena like wildfires, tornadoes, hurricanes, winter storms,
floods, or earthquakes. For instance, if a flood was to damage critical computing equipment, the IT
department may need to restore data from backups. These rules should detail how to manage lower
priority activities and how to action high priority activities when capacity is constrained. A business
continuity plan will ensure that you can get your business back online. I am looking for a
conversational AI engagement solution for my business I am looking to partner with Engati to build
conversational AI solutions for other businesses continue Finish You're a step away from building
your Al chatbot How many customers do you expect to engage in a month. This is crucial, not only
to save money and time, but also to minimize damage to a company’s reputation. As a result,
employee engagement and morale could suffer. NH Division of Economic Development More from
NH Division of Economic Development ( 15 ) A Practical Guide to Doing Business in Canada's
Aerospace Industry A Practical Guide to Doing Business in Canada's Aerospace Industry Boomers,
Gen Xers, Millennials and More: Engaging Today's Multigenerational W. Doing this will also help
you figure out and fix some things before the test, like. Please log in. You have exceeded the
maximum character limit. What decisions will you make today that will be followed when disaster
strikes. All that work, all the exercises go down the drain as ad-hoc recovery kicks in. From time to
time, we would like to contact you about our products and services, as well as other content that
may be of interest to you. They make sure there is near-perfect execution and that all resources are
ready to go. Continue Reading About business continuity plan (BCP). Premium WordPress Software
StellarWP is home to the most trusted plugins for WordPress. If you centralize your operations in one
location, that can also become a risk. Conduct senior leadership tabletop exercise annually. However,
they forget about human errors, data breaches, security breaches, hardware failure, and power
outages. Question: How would your staff perform essential tasks if they could not access the office
if there was a power outage or system shutdown. I mean from a business perspective, because it’s
not a good look from a branding or customer experience perspective when in-demand products are
impossible to buy. This section should document when this should happen and who should conduct
the audit. Because Aeneas had a BCP, in less than 72 hours they were back-up and fully serving
their clients. SBA.gov as well has tools and information about building a continuity plan and digs
into the financial impact of the disaster. What you should be aiming for, and as per the primary goal
of business continuity planning, is for your business return to normal operations, at the earliest
opportunity. We hope this article can provide some insight on what it is, why it’s important, and
what it entails. A malware-driven system failure or bout of illness could have a significant effect on
business operations. However, there are some common steps that businesses undertake when
developing business continuity plans. As IT administrators are increasingly asked to do more with
less, it is advisable for business continuity professionals to be well versed in technology, security,
risk management, emergency management and strategic planning. WARNING - You're going to get a
long laundry list of critical business processes and their recovery timeframes (this identifies the
Maximum Tolerable Outage - or MTO of a business process), now it's time to involve senior
leadership.
Business continuity and disaster recovery -- two closely related practices -- help keep an
organization running even in the wake of disaster. These disruptions can mean lost revenue and extra
expenses. That means doing everything you can ahead of time to ensure that if things get rough,
your business remains afloat and can still deliver value to customers. Business continuity has a
broader focus that includes the risk management, oversight and planning required for an
organization to continue operating during a disruption. While a business continuity plan’s specifics
may vary based on several factors, five components are essential in every business continuity plan.
Also, there is no guarantee that they will restore your data after getting the payment. THAT was a
Business Continuity PLANNING (phase 3) response to address an incident (phase 2) as a result of a
threat (phase 1). A well-thought-out business continuity plan is what you need to prevent
interruptions. It’s critical to maintain reliable communication, including your organization’s business
phone service for announcements and managing reliable call routing. There’s no time to search for
this information; it needs to always be at your fingertips. According to Kaspersky, ransomware
attacks are hitting businesses after every 30 seconds. This could include having backup providers for
utilities or generators available nearby. For example, in the event, your supply chain is disrupted, you
should have in place alternative sourcing solutions to minimize any interruption to service delivery.
Learn more about our truly multifaceted solutions. If they don't know it exists, or where it is or how
to access it, they'll ad-hoc the recovery which throws all of your hard work out the window.
Digitization and automation solutions greatly expand the opportunity for organizations to offer self-
serve options. To learn more about business continuity planning, download this free template.
Eligible new customers will not be charged the base license fees (excluding usage charges) for the
second and third monthly billing cycles of their contract term. Some of the damages that your
insurance plan would need to provide for include loss of reputation, loss of clientele, delays in
product launches and the resulting costs thereof, etc. Orders of succession should be at least three
levels deep to ensure the ability to manage and direct essential functions and operations. A malware-
driven system failure or bout of illness could have a significant effect on business operations. For
companies with data centers where data powers their central operations, it’s important to understand
the intervals of recovery available. Cloud Sites Simple, scalable hosting for multiple sites and apps.
Thus, you should always have a business continuity plan. The RA details the potential internal and
external risks and threats, the likelihood of them happening, and the possible damage they could
cause. With all of the business units giving you their best theories on what can be done to address
any at risk critical processes, it's time to give the report to senior leadership for their blessing. Some
questions that can be helpful to consider when examining critical business functions include. By
continuing you agree to Slidebean's terms of use and privacy policy. Question: What would it take
for 100% of your organization’s workforce to work from home. Next, determine the applicability and
scope of the plan; i.e., state the functions, operations and resources necessary to ensure normal
business operations continue or resume quickly after an emergency.
Make sure all of you agree on the followable strategies and responses to reduce the loss of business.
Next, determine the applicability and scope of the plan; i.e., state the functions, operations and
resources necessary to ensure normal business operations continue or resume quickly after an
emergency. It presents an opportunity for a business to improve it’s procedures and practices, in
addition to increasing its resilience to interruption. There’s little money available from federal, state
and your community. Cloud Dedicated Servers Single-tenant, on-demand dedicated infrastructure
with cloud features. The BIA defines the critical functions that must continue during a crisis and the
resources needed to maintain those operations. It’s not a risk that can be ignored, which is why
there’s a strong need to create a plan of action. They need to deal with day-to-day stuff like keeping
existing customers, finding new customers, improving productivity and efficiency. You’re never in a
position to profit from good business and grow your company as you’re always chasing fires and
putting them out. Therefore, regular testing, reviewing and updating of a BCP is critical. A malware-
driven system failure or bout of illness could have a significant effect on business operations.
Depending on your business, we've seem companies that tie annual employee evaluations to their
maintenance of their team's BCP. Question: Do you have enough funds reserved for a business
disruption. NOTE: The Plan exercising is also an amazing way to socialize your plan. Question: How
would you respond if volume were to double in a week. Yet when they do occur, we often find
ourselves ill-prepared for the trials they present. Exercises will help the business continuity team to
identify potential issues, as well as familiarizing them with the content of the plan. Thus, a business
continuity plan is very important for every business. Make sure EVERYONE knows about the BCP
and its use. Security breaches must be part of the overall plan as well as personnel availability. For
more information on how to unsubscribe, our privacy practices, and how we are committed to
protecting and respecting your privacy, please review our Privacy Policy. What Can a Master Of
Business Administration Do For You. From our SHIELD - Free to our SHIELD - Platinum, there is a
SHIELD for everyone. Review all systems to determine which are critical and how to access each in
the event of an outage. High absenteeism will soon become the norm due to sickness and the need to
care for loved ones who are ill. Do staff have sufficient data limits and bandwidth for video
conferencing. Boomers, Gen Xers, Millennials and More: Engaging Today's Multigenerational W.
Boomers, Gen Xers, Millennials and More: Engaging Today's Multigenerational W. That requires
robust project management software with the scheduling features you need to facilitate the process.
As a business owner, you need to formulate a plan so that you can maintain operations even when
unexpected disasters occur.
Private VPS Parent Dedicated cloud server that allows you to deploy your own VPS instances.
These first responders carry out specific duties to keep the business running smoothly. The recovery
strategy must consider the organization's recovery time objective, or RTO, which is the maximum
time IT systems can be down after a failure, as well as its recovery point objective, or RPO, which is
the maximum data loss the organization can tolerate. Ink cartridges were out of stock because people
are printing more pages at home. It’s critical to maintain reliable communication, including your
organization’s business phone service for announcements and managing reliable call routing.
Question: How will operations continue if a quarter of your organization’s staff are absent due to
illness. Develop solutions to help team members connect and have fun. Typically, disaster recovery is
associated with the technology function of your business. Instead, it should focus on specific plans
and actions that can be reliably tracked to give feedback on your progress and help drive
improvement. Software Control panels and add-ons that help you manage your server. If people
never change, their processes likely won't change much either, if the business processes don't change,
don't feel the need to conduct a BIA every month. Question: Which channels could you use to
communicate with staff. It should consider the needs of the whole business, and take into account
the many factors such as systems, people, technologies and suppliers. They make sure there is near-
perfect execution and that all resources are ready to go. Effective channels for communication with
customers include email, IVR and social media. However, one of the most difficult elements is
establishing which elements need protecting and how to do this. Next, determine the applicability
and scope of the plan; i.e., state the functions, operations and resources necessary to ensure normal
business operations continue or resume quickly after an emergency. THAT was a Business Continuity
PLANNING (phase 3) response to address an incident (phase 2) as a result of a threat (phase 1).
You also have the option to opt-out of these cookies. Integrecon’s plans can also help you become a
competitive supplier and enhance your brand and reputation around your local community. It wasn’t
until six whole days later that power in the area was finally restored. Tools range from consultants to
micro tools to full software platforms. Determine which tools are right for your company by
assessing your business processes, plan complexity, timelines, and budget. STORY OF FORKLIFT
HITTING SPRINKLER SYSTEM Agility Recovery reports three growing risks to businesses. Also,
always remember that communication is a key strategy. Business continuity refers to the idea of
having a plan to deal with these events, so your organization can continue operating with minimal
disruption. These disruptions can mean lost revenue and extra expenses. About KingsBridge
KingsBridgeBCP offers businesses of all sizes BCP Software Solutions and industry know how
based on best practices. High absenteeism will soon become the norm due to sickness and the need
to care for loved ones who are ill. If you consent to us contacting you for this purpose, please tick
above to say how you would like us to contact you. Prolonged IT downtime can also damage the
reputation of your business, as it impacts your service and availability for clients.
Once they know they aren't being judged, you can see their buy-in and engagement go up. What Can
a Master Of Business Administration Do For You. If you enter into a contract or purchase with a
provider, we may receive a payment for the introduction or a referral payment from the retailer.
What types of emergencies have happened in the past. Quarterly LCR alerts are necessary to ensure
the NCPOC can reach field LCRs in case of a real life emergency. No matter what business we’re in,
we have to be ready for something like this to happen again. Effective channels for communication
with staff include email, video conference and phone. Put the card in the envelope, seal it and turn to
your new friend on the left and hand them the envelope. Wilder RUN - DCM - Digital Crisis
Management by Scott Wilder RUN - DCM - Digital Crisis Management by Scott Wilder Edelman
Digital RUN - DCM - Digital Crisis Management RUN - DCM - Digital Crisis Management Scott K.
However, there are basic elements that should always be included. To be specific, here are a few
reasons why a business continuity plan is important: IT HELPS YOU TRAIN YOUR PERSONNEL
When disaster strikes, you can't expect your personnel to know what to do in the situation without
having a concrete plan that came directly from you, the owner. Your insurance plan will also need to
cover all the unforeseen damage that may occur that is not a direct consequence of the disaster. If
people never change, their processes likely won't change much either, if the business processes don't
change, don't feel the need to conduct a BIA every month. The results of this will determine whether
you need to improve your efforts. We assist clients as they focus on post-transition governance and
control; as well as financial efficiency. Integracon’s business continuity plans include strategies that
will maximize the benefit of your overall plan. The process to creating your plan starts here and
down. Your business might be safe from all the natural disasters. Use our business continuity plan
template when you need to assure that no matter what, your company will continue to perform under
any circumstance. According to Chris Pope, New Hampshire Director of Homeland Security and
Emergency Planning - there is a direct correlation between those businesses that have a BCP and
those without a BCP as to who survived. Paper towels. Clorox wipes. Hand sanitizer. Masks. These
are all items that have been in short supply at one time or another since the COVID-19 pandemic
began. To help support the investigation, you can pull the corresponding error log from your web
server and submit it our support team. It’s designed to identify and mitigate risks, assign roles and
provide clear communication to key parties. When we think of emergency kit a first aid kit comes to
mind. All pricing and discounts are before taxes, fees, add-ons, usage charges, surcharges, and other
charges and fees. Or in-depth exercises designed to test the procedures and prepare employees. It’s
the perfect example of how an event out of your control can cause significant disruption to your
business. Virtual huddles and weekly team socials can also help with spirit and teamwork and
camaraderie. Develop a systems failover for networks and servers. Internet phone service can be
managed remotely with no need for on-site changes.