5 Steps To Develop a Business Continuity Plan

6/14/2021 (Permalink)

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5 Steps To Develop a Business Continuity Plan

When disaster strikes your business, the difference between survival and bankruptcy is usually about preparation. This includes developing a continuity plan and having all the components set up in advance, because when you’re in the middle of a catastrophe, all you can do is react, not plan.
Fortunately, all this has been well-researched and practiced. If you take these five steps before a storm hits, you’ll almost certainly survive where others succumb to the devastation.

Create a Business Impact Analysis

Have a meeting to discuss the most likely disasters in Atlanta, GA. Your goal is to create a risk assessment so you can properly allocate resources. This impacts every other step.

Develop Recovery Strategies

Identify the most time-critical processes that are likely to be impacted after receiving serious storm damage. What resources are needed? How long can you survive without revenue generation – and how is it likely to be impacted by the storm? How will employees be impacted? What about utilities?
You may also consider business interruption insurance. It’s not cheap, but it has saved countless enterprises over the years.

Plan Development

Now that you have a good idea of the risks and how to recover, create documentation to support your strategies. Get all key employees involved and listen to suggestions from experienced workers. Consider what flooding would do to your building and have a water-resistant place to put documentation.

Create A Ready Profile

Your local restoration experts have a readiness program that includes a free smartphone app and a no-cost assessment of your facility’s needs. They’ll help you develop an Emergency READY Profile that contains all the emergency info you need when things fall apart.

Test Your Plans

Run an exercise to locate flaws and identify where assets might be more helpful. Resource management during and after a disaster is complicated and confusing, so testing is essential to a smooth recovery.

When your continuity plan is set up and tested, your business will be far more likely to recover from a disaster. Don’t be afraid to delegate the task to your most trusted employees – just be sure someone does it.