Why do you need a Business Continuity Plan?
Unplanned disasters can happen at any time, and like COVID-19, sometimes they happen unexpectantly. They can be natural disasters, network outages, cyberattacks, data breaches, and more. These disasters can affect your business operations, sometimes even stopping them and/or causing you to lose revenue.
Being able to handle these disasters proactively and effectively through a Business Continuity Plan is imperative to your company’s future. Proper Business Continuity Plans help minimize downtime, protect what is important, and ensure recovery if necessary. A Business Continuity Plan is just as important as other types of business plans.
Who Needs One?
Disasters impact every type and size of business. If you think your business is too small to be affected by disasters, think again.
According to FEMA, more than 40 percent of businesses do not reopen following a disaster, and another 25% fail within a year.
The good news is that research shows businesses with a Business Continuity Plan, recover faster and more efficiently after a disaster.
Every company, no matter what size, needs to create a business continuity plan that outlines what to do when your operations are threatened. The contents of your plan are dependent on the size and type of your business.