Is your business prepared for the unexpected?
Businesses, and their ability to keep trading in an emergency is critical to ensuring that essential functions of your business can carry on. Therefore, businesses should be aware of potential hazards (the can come from within or outside the organisation) that affects their ability to function.
'Business Continuity' is all about thinking ahead about what might affect your business, and planning to ensure your business can survive the emergency. An emergency might mean your business is able to access a key building / site, and unable to use IT systems. You may lose staff and key personnel which are vital to the day to day running of your business. It might also mean that a supplier cannot deliver to you, or you cannot deliver to your supplier / stakeholder.
Experience shows that organisations with Business Continuity arrangements in place are more likely to stay in business, and recover quickly in the event of an emergency, than those who do not. There are simple steps that you can take to increase the chances of your business surviving a disruption.
Making a Business Continuity Plan
A Business Continuity Plan could help your business prepare and recover more quickly. A plan that sets out the clear roles and responsibilities supports staff to manage during difficult circumstances. Furthermore, a Business Continuity Plan:
- Helps you maintain 'business as usual'
- Reduces the potential for financial loss
- Helps you maintain your good reputation
- Builds staff confidence
- Avoids bad publicity
- Makes good business sense