We usually aren’t given much notice before a disaster strikes. Even with a little forewarning, it’s impossible to predict exactly what the impact may be. Every disaster is unique and has the potential to cause unique and unprecedented events to unfold.
As a business owner, you must anticipate the unexpected and prepare for the worst. This is where a solid business continuity (BC) plan comes into play.
Business continuity refers to maintaining business functions or quickly resuming them following a major disruption. A major disruption may be caused by a disaster, such as a tornado, hurricane, fire, or flood, or a malicious attack caused by cybercriminals. A BC plan outlines the procedures each member of the organization must follow in the event of such a disaster.
It covers topics such as business processes, human resources, assets, backup strategies, and more. A BC plan should be detailed, tested, backed up, and kept up to date in order to give your business the best shot at recovery following a disaster.
The end goal is not just to prepare for the unexpected, but to build business resiliency.