Operating a business is never easy. There is always something that threatens your business, and many disasters are simply beyond your control. These disasters are a part of business, and owners need to be prepared for almost anything. For many companies, the only way to prepare for adverse times is by developing a Business Continuity Plan.
Some companies are hesitant to adopt a Business Continuity Plan (BCP) because of the perceived costs and complexity involved. We won't deny that plans are usually on the complex side, but there are good reasons as to why your company should adopt one. Here's five.
1. Your business will be seen as more valuable Banks, venture capitalists and other investors tend to air on the side of caution, and as such will usually look to businesses that appear to be stable as more viable investment vehicles. Companies with a BCP are often seen to be more valuable, as they can address diverse situations better than those without. As a result, they will make the investor more money over time.
2. Compliance Big companies in a number of industries have had continuity plans for years and many have started to look for suppliers/vendors with continuity plans. Beyond that, some industries and government bodies have made BCP a requirement. If you are a vendor, supplier or even in specific industries, it is a good idea to have one in order for business to run smoothly.
3. Potentially lower insurance premiums Operating a business is filled with risks, and business managers are often looking for ways to minimize it. One way includes the purchase of insurance - many industries and situations require you to carry it. Generally, insurance providers will give more favorable rates to companies that take steps to minimize risk. A solid BCP will go a long way in showcasing how risk-averse your company is, which could lead to lower rates or at the very least, stable rates.
4. More efficient communication Developing a BCP involves constant, company-wide communication in order for it to be successful. For many businesses, this involves collaboration between team members who don't normally work together on a regular basis.
A BCP also fosters communication plans during disasters, both within the organization - most employees have a role, and will need to work together to pull through - and outside - customers, suppliers and other stakeholders will be contacting you. If your employees know how to communicate what needs to be done, effects of the disaster will be minimized.
5. Survival Recent natural disasters around the globe have highlighted that businesses without a plan will most likely be forced out of business. Having a BCP will minimize the chances of this, while preparing your business for survival.
If you are looking to implement a business continuity plan, or improve on an already existing one, please contact us today. We may have a solution for you.

When it comes to your business there are many dangers that could negatively impact your bottom line, or even force you out of business. As such, it's a good idea to have a plan in place to help keep your business operational during any disaster. This strategy is commonly referred to as a Business Continuity Plan, and is something that companies will benefit from looking into.
The Boy Scouts are famous for their motto, 'Be Prepared'. And many live up to it. In an interview, Robert Baden-Powell, Founder of the Boy Scouts was once asked what they should be prepared for. His answer, "Anything". Companies should take this to heart, and always be prepared for every eventuality. One way this can be done is through Business Continuity - a plan or system that helps businesses get through disasters relatively unscathed. If you're looking to adopt a continuity plan, there's a few things you should prepare beforehand.
Superstorm Sandy, the recent storm that pummeled the Eastern US, brought with it a lot of lessons for all affected. For those in the IT industry the most important lesson was that their disaster preparedness may not be as robust as they thought. Many businesses will react to this by wanting to be better prepared for major disasters. This is positive action but it is important to stress that there are also a million little issues that could pose a bigger threat to your organization. One of those is password management - who is in control of the important passwords.
Survival is an instinct nearly every creature has hardwired into them. You can argue that many managers or business owners feel this instinct twofold, as they fight to physically survive as well as for their business to survive. Because of this, Disaster Recovery (DR) - the act of ensuring your systems can be recovered after a disaster - has become an integral part of the survival of a business.
The Internet is a magical thing; a gateway or connection to the rest of the world. Currently, the Internet is quick enough to do nearly anything without delay, and as such, companies have come to expect Internet connections to always be fast. The truth is, connection speed varies widely, and this can create problems for many companies.
It seems that natural disasters are happening at a higher frequency than ever before. This could be because of climate change or the fact that news can travel around the world in seconds, or any other number of reasons. Business continuity - ensuring your business can stay operational during adverse times - should be an important part of your business. Many owners recognize this and take steps to backup their data. This is a good start, but it isn’t enough.
Disasters happen on a daily basis. Sometimes they’re big, wiping out communities, other times they’re small, affecting one online machine or computer. No matter the size of disaster, it pays for businesses, especially small businesses, to prepare for the worst. The only problem is, many small businesses don’t prepare and pay the price.
With the increasing amount of serious disasters striking around the globe, businesses are taking steps to ensure that they can keep operating during an emergency and that their data is protected. Striving to protect your data by backing it up is a good business practice, and can help ensure your company will remain open and operational during adverse times.
If the past 10 years has taught us anything, it’s that many managers are woefully underprepared for disasters of any kind. We’re resilient though, and will always find a way to survive. One of the keys to a business’s survival during times of hardship is the Business Continuity Plan (BCP). A vast majority of organizations have one and believe it to be effective, but is it?
