Effective Business Continuity Planning Can Carry Your Company Through Major Disasters
As both man-made and natural disasters increase around the world, they should be considered a part of doing business. Having a solid continuity plan can be the difference between success and insolvency. There are a few steps you can take to prepare for a wide range of business disrupting incidents in Gainsborough, GA, to reduce both stress and losses.
Prepare a Business Impact Analysis
The BIA is essential to create an effective continuity plan. To build one, start with a risk assessment by identifying potential business disruptions:
- Natural disasters likely in Gainsborough, GA
- Riots or civil disorder
- Loss of key personnel
- Information security catastrophe, such as a serious hacking
Your goal is to predict the consequences of possible disruptions and develop a workable recovery strategy. While it’s impossible to foresee all potential calamities, some are going to be far more likely than others. A disaster could be as simple as having to move to a new location or as complicated as a major hurricane and widespread flooding. It could be just as bad in the virtual world; businesses both large and small have been shut down for weeks due to malware locking them out and demanding a ransom. Without a continuity plan, this can easily mean liquidation.
Consider Duration and Timing
How long will the issue take to be resolved? Your planning will be entirely different for a few hours versus a few weeks. Perhaps more important is the timing of the incident. A short disruption from something as simple as a power outage at a particularly bad time can devastate a business. A great example is the impact large storms have had on total yearly retail sales when it hits right before Christmas.
Whether it’s a disruption from storm damage or a bored kid at his computer, being prepared with a written plan can make your life much easier. Part of the proposal should be to choose a good cleanup company to get you back in the game after a natural disaster. Restoration specialists can help prevent further damage and are often covered by commercial insurance policies.