What is business continuity – and why is it so important?
Your worst business fear has come true: an emergency just sidelined your operations. While you tend to the immediate fallout of the flood, fire, pandemic, or other critical event, you’ll also have to deal with logistical challenges like ensuring employees can continue to work, maintaining your supply of materials, and keeping up the demand for your services. If this scenario makes your heart race, you’re not alone. This is where business continuity comes in: it’s about anticipating the financial and operational consequences of a disruption, and planning ahead to help your business return to normal operations as quickly as possible. A number of important elements go into business continuity planning, including a review of your main risks, managing the risks with good back-up plans, business insurance, and the recovery and continuity plans themselves. But before you can sort out the details, you’ll need to understand where your business stands – and where your vulnerabilities lie.How to create a business continuity strategy
