Why Your Small
Business Should Make Business Continuity Planning a Priority
Small businesses are constantly being bombarded with a
multitude of disruptions that can affect their bottom line. While some of these
disruptions can be controlled, others are neither expected nor planned for.
Having a business continuity plan in place ahead of time will help minimize the
impact any disruption may have on a business.
A business
continuity plan provides an outline of steps that a business needs to
recover and restore business operations after a disruption, as well as what
business functions are critical to ensure those operations can be done. It
should also include precautionary steps a business can take to minimize the
effects of a disruption prior to any occurring.
Unfortunately
many businesses don’t have a business continuity plan in place. They are so
busy dealing with what’s occurring right now that they don’t think about the
what-ifs. It is easy to overlook making a plan while everything is running
smoothly but it is too late to do any planning during and after a disruption.
In the end, the decision whether or not to have a business continuity plan will
have a major impact on whether or not the business will survive.
The size of the business needs to be taken out of the
equation when it comes to deciding to create a business continuity plan. The
smaller the business is the more important it is to have a plan in place. The
smallest of disruptions can impact the smallest of businesses. These impacts
can inevitably
result in the closure of the business.
Deciding not to have a business continuity plan can be the
most costly decision a business makes. Business downtime can result not only in
lost revenue but in lost customers. Once a customer is lost it is very
difficult to get them back. They will prefer to deal with a business that is
able to weather adversity well. The small price that a business will invest in
the creation of a plan outweighs the cost of not having one.
Do you know if your business is fully prepared to recover
after even the most minimal of disruptions? Take the short operational preparedness
assessment to see how prepared your business is. Looking for help in getting a business continuity or
disaster recovery plan in place for your business? Contact Back On Track Solutions
to see how we can help you get a plan in place designed specifically for your
business.
A big thank you to Barbara Goldberg for this guest post!
www.sleeveshirtconsulting.com
Nice blog... This post provide great information on business continuity. I found very good details on business continuity versus disaster recovery. Thanks for sharing
ReplyDelete