Will Your Business Survive After a Disaster?

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Statistics indicate that only 25% of businesses survive after a business disruption. A Business Continuity Plan (BCP) can be an excellent differentiation factor to customers. It assures them that your services and products will be available in the event of a disaster or interruption of operations.

Business continuance (sometimes referred to as business continuity) describes the processes and procedures an organization establishes to ensure that essential functions can continue during and after a disaster. A disaster can be a fire, flood, terrorist attack, pandemic or other interruption to your business operations. Business continuance planning seeks to prevent interruption of mission-critical services, and to re-establish full functioning as swiftly and smoothly as possible.

There are three main areas that, if interrupted, could cause significant impacts on your business functions, operations and processes:

  • Loss of Information
  • Loss of Access
  • Loss of People
  • Loss of Customers

In the event of an incident and one or more of the above business interruptions have occurred is your company prepared?

Ask yourself these questions:

  • Who will be in charge?
  • Where will you set up operations?
  • Where will you operate your business?
  • How will you continue to service your customers?
  • Will your customers find another source?
  • Will your employees seek jobs at your competition?
  • Will your business operations be able to survive after a disaster?

If the answers to these questions are unclear, then your company may want to consider preparing a Business Continuity Plan (BCP).

When determining your company’s need for a BCP it is important to think about and identify the purpose of the BCP in meeting your company’s requirements to maintain business operations.

The list below include several general purposes that relate to the preparation and implementation of a BCP:

  • Ensure the continuous performance of a company’s essential functions during an emergency situation
  • Ensure the safety of employees and visitors
  • Protect essential equipment, records and other assets
  • Reduce disruptions to operations
  • Minimize damage and losses
  • Achieve an orderly recovery from emergency operations
  • Identify alternate locations and ensure operational and managerial requirements are met before an emergency occurs.

Statistics indicate that only 25% of businesses survive after a business disruption. A Business Continuity Plan (BCP) can be an excellent differentiation factor to customers. It assures them that your services and products will be available in the event of a disaster or interruption of operations.

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