A Plan for Your Business
12/10/2021 (Permalink)
A Strategy For Your Company
A flood event or other disaster in Park Ridge,IL, can quickly go from a setback to a serious problem if left unchecked. Learn how to keep your company online and thriving by developing a business continuity plan.
1. Defining the Plan
No business owner can afford to go without some kind of continuity plan, since the loss of revenue due to a major disruption can be catastrophic. Some businesses never recover from such an event due to a combination of damaged infrastructure and customer defection. The first step in any such plan is an assessment module, whereby a team is created to analyze the damage and identify the most important processes needed to keep the company running while repairs take place.
2. Allocating Resources
The various pieces of the business continuity plan will need to be submitted for review and implementation by managers and other heads of departments. New information about missing elements may be necessary to amend the recovery strategy at this stage. Tools for developing your emergency response plan are available on various websites, such as ready.gov and drii.org, including workshops and seminars.
3. Implementation Steps
Depending on the nature of the business, the owners and operators may have backup equipment and staff available in case of an emergency. For example, if a part of a heating system was adversely affected by a flood event, there may be a redundant unit elsewhere in the building that can fully heat the property until a qualified restoration professional can assess the water damage. However, if no such options are available, operations and employees must be prepared to move offsite temporarily. This will require additional expenditure and must be accounted for in the response plan.
While an emergency event or natural disaster can throw a wrench in your normal workplace flow, with proper planning, it doesn’t have to bring the entire company to a halt. Create and share a business continuity plan by reviewing the relevant resources.