why do we have a business continuity plan
Business disasters come in all shapes and sizes. Business owners should take steps now to give themselves a better chance to reopen quickly. Without a business continuity plan, one in four businesses forced to shut down because of a disaster never reopens. Businesses have lots of excuses for not having a business continuity plan, including the most common Бwe thought it would never happen to us. Б The following are common misperceptions about business continuity planning:
If any of these sound familiar, itБs time to stop making excuses and start making plans. While there are quite a number of business continuity solutions available, a good place to start is with the free, easy-to-use created by the Insurance Institute for Business Home Safety (IBHS). OFB-EZ takes business owners step-by-step through the planning process in order to create a planб that helps them to: Focus on the risks that are most likely to disrupt their business operations. Identify the activities that are essential for staying in business and recovering quickly. Create an easy-to-use recovery plan tailored to specific needs.
Know Your Key Customers, Contacts, Suppliers and Vendors There are many good reasons for businesses to plan for the unexpected, most importantly protection and preserving the bottom line. To keep it simple, remember the ABCs: With a business continuity plan, your business will have a better chance of remaining competitive and minimizing the loss of revenue and customers. A solid and tested plan boosts customer confidence. When your customers know you have plans in place to provide continued delivery of goods and services during a crisis, they are less likely to flee to competitors if a disaster threatens your area. Having a plan allows you to demonstrate that your business is committed and prepared to protect your employees, clients and their assets at all times. This demonstrates a proactive attitude and can enhance employee morale and public opinion about your business. With increased confidence in your businessБ ability to operate during unexpected circumstances, your positive reputation grows with customers, staff, partners and investors. Having a business continuity plan will improve communication within your organization and with customers, suppliers, vendors, and key stakeholders.
This is a helpful way to improve daily operations, not only in the event of disaster. OFBБEZ translates professional business continuity concepts into common business language, through a streamlined eight step process. HereБs how businesses can make it happen: Know Your Suppliers, Vendors, Key Customers, and Key Contacts Business continuity planning is vital to survival and should not be put off indefinitely as you focus on todayБs challenges. ItБs important to devote enough time and attention to planning for the future, even when that future may involve events that are unpleasant to think about and, hopefully, not likely to happen. Open for Business recognizes this and is designed to help you gather information, improve communication, and develop operational contingencies that will be useful today as well as tomorrow. So, stop making excuses and start making plans! Visit IBHS б to download the free business continuity tool and begin your planning process today. Business continuity planning is vital to survival and should not be put off indefinitely as you focus on todayБs challenges.
ItБs important to devote enough time and attention to planning for the future, even when that future may involve events that are unpleasant to think about and, hopefully, not likely to happen. OFB-EZб recognizes this and is designed to help you gather information, improve communication, and develop operational contingencies that will be useful today as well as tomorrow. So, stop making excuses and start making plans! People s views on business continuity planning vary from: business Б what? , It s just common sense, isn t it? to Oh god, where do we start? So let s take a step back and look at how business continuity planning can benefit your business. 1. Survival The harsh but simple fact is that there are a hundred and one things that can disrupt a business. A well thought out, practical plan can mean the difference between coping with a disaster and going bust. 2. Revealing inefficiency A business under threat can be viewed like a patient on an operating table. The priorities are
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