Sometimes, emergency events can affect how your business operates. This may be a direct physical impact on your business, such as a wildfire or earthquake or an indirect one, such as supply chain issues. In these instances, having a prepared business continuity plan can make a difference in the short and long term success of your business.
Creating a business continuity plan cannot be done overnight. It is a detailed process that involves carefully thinking about all your business practices, suppliers, customers, staff, etc. The larger and more diverse your business, the more complex the planning will be. As a business just starting out, the task can be daunting. If you are familiar with project management, try approaching your business continuity plan this way. By setting clear goals, timelines, budgets, milestones, and deliverables, you should find the task much more manageable, and ultimately successful.
Having a business continuity plan in place is invaluable. It helps you minimize downtime, maintain customer trust, protect your reputation, and most importantly, keep your business running smoothly even during challenging times.
You may consider the following resources while developing your plan:
Business continuity plan - A blueprint that helps a company continue running smoothly during unexpected events or emergencies.