What is a business continuity plan, and why should you have one?
For businesses of all sizes, disaster can strike without notice; whether in the form of an economic crisis, natural disaster or any number of factors that may derail your operations.
However it presents itself, you need to be prepared to ensure that you can continue to operate. In this guide, you will learn more about why business continuity planning is important and how it can help your business stay afloat in times of crisis.
What is a business continuity plan?
A business continuity plan is a plan of action for your organisation during times of disaster. It refers to your ability to maintain business functions or a quick resumption of operations following a crisis or disruption. It will outline all of the steps and procedures that you must follow in the event of such disastrous events.
A business continuity plan must include all aspects of your business operation, such as the performance of basic business processes, risk management processes, budget allocation, and the implementation of certain technologies.