4 Steps for Writing a Business Continuity Plan
Planning for your business in Santana Row, CA, is always a good idea, especially in an emergency. Find out below how to make an emergency plan and why you need one.
How Do I Create a Business Continuity Plan?
It is like working on a giant puzzle: you already know some important details; the process will help you fill in the rest.
1. Make a Business Impact Analysis
A BIA shows how various scenarios will impact the essential functions of your business. Think about supply chain disruptions and other external consequences as much as internal ones like loss of revenue.
2. Decide on Recovery Options
You should know what it will take to recover and what is currently available. Strategize your recovery methods and select the best to implement.
3. Team Up
Create a team to help develop your plan. You will also have to create an emergency personnel structure showing roles and responsibilities. Also, think about running operations manually if your IT department is offline.
4. Test and Exercise Your Plans
You need to test your plans to know if they will work. Testing might mean running your fire alarms or tornado sirens. Full-scale exercises like tornado drills ensure everyone knows where to go and can include timing them to see how long it takes.
What Is a Business Continuity Plan?
It is a plan for what you and everyone that works for you need to do to keep the business running as normally as possible in case of an emergency.
Why Do I Need a Business Continuity Plan?
Without continuity plans, as many as 75% of companies fail within three years. Having a plan means your company is more likely to recover when a disaster strikes.
Having an emergency response plan is crucial for your business when disasters happen.