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How To Create A Business Continuity Plan?

A Business Continuity Plan (BCP) is a strategy you create to ensure critical functions continue and personnel and assets are protected in the event that your company suffers from difficult or disastrous circumstances. If you want to find out more about what a Business Continuity Plan is, we’ve done an in-depth post about it here (create hyperlink).

Ok, so you’ve found out what Business Continuity Plan (BCP) is and now you want to create one. The first thing you need to do is to understand your risks.

How to understand the risks that threaten your business?

In order to protect your business, you have to be able to understand what your threats are. It’s best to err on the side of caution and consider threats outside of the obvious. This varies from business to business and includes more than just environmental factors.

What are the most common risks to small business?

Environmental disasters
Key equipment failure
Massive loss of stock and/ or files
HR problems
(illness/resignation)
(maternity leave).
Product defects/recalls.
Legal actions against you.
Utilities failure
IT/Communication failure
Data loss
Cybercrime

For help with IT/infrastructure protection, here are some local companies that could help.