Does Your Company Have a Business Plan?

No business owner expects their company to face a major crisis. They’re optimistic that their company can overcome any problem. But when disaster strikes, your company needs more than just optimism. You need to be ready with a business continuity plan.

If you don’t already have a plan in place, here’s why you need one and what it should include.

What is Business Continuity Planning?

A business continuity plan is an outline detailing the procedures and instructions a company needs to follow to get up and running after a disaster. These disasters may come in many forms, such as your office building catching fire, a natural disaster (flooding, hurricane or tornado) or a cybersecurity attack.

Business continuity plans are different from disaster recovery plans, which tend to focus solely on recovering the company’s IT system following a crisis. Business continuity plans contain outlines and contingencies for all aspects of your business, such as business processes, assets, human resources, etc.