Business Continuity: Business as
usual. No matter what.
Five steps every business should take to prepare for a business
interruption.
When people think of disasters, they generally envision hurricanes,
tornados or floods - catastrophic events that devastate communities. But
for a business, a disaster can be something as small as a failed switch
or computer virus. These seemingly minor events can have a shocking
impact on a business, often bringing operations to a standstill.
“The impacts of an
interruption can be stunning,” says Bob Boyd, President and CEO of
Agility Recovery Solutions, the industry leader in mobile business
continuity solutions for small to mid-sized businesses. “Statistics
indicate that about 60 percent of the businesses affected by a disaster
will not survive because they do not have a recovery plan in place.”
Creating a basic,
executable business continuity plan is one of the most important steps
you can take to protect your organization and assure business as usual –
no matter what the scenario. Below are five key steps to help you get
started.
1. Assess your critical
business functions.
Evaluate and document how your company functions and determine which
processes, employees, equipment and materials are critical for your
daily operations. Critical business functions include such things as
billing, payroll and service fulfillment. List these functions and
determine a process for restoring them in the event of an interruption.
2. Plan for an alternate
location.
What would you do if your building were inaccessible tomorrow? Where
would you go to continue basic business operations? Review your site
requirements and determine a plan for recovery. Alternate site options
include your home, a branch or second location, the site of a similar
business, or a vendor that provides mobile recovery.
3. Back up your data and
plan to restore your technology.
In today's highly technical economy, information is more valuable than
ever. Having an automated, daily back-up system for important data is
crucial. Make sure to store your data in an offsite, safe and secure
location, preferably 50 miles or more from your site. Regularly verify
that you are able to retrieve your data. Outline a plan to replace PCs,
software, servers, printers and fax machines should your office be
destroyed.
4. Create an employee,
vendor and key client communication plan.
Create a 24-hour phone tree for all employees and their spouses or
closest relatives. Make sure your employees know ahead of time how to
exchange or obtain information should standard lines of communication
fail. Also, compile a list of your critical clients and vendors and
store it in an offsite location. Determine a process for contacting them
should your systems go down.
5. Take a look at your
insurance coverage.
Is your insurance coverage adequate? Sit down with your agent to assure
that you are insured for potential risks. Consider business interruption
insurance, which may compensate you for lost income should you
experience a disaster. Make sure you keep photos of your building,
equipment lists and policy information stored in a safe and secure
offsite location.
***
“Over the years, we have successfully recovered hundreds of businesses
who’ve taken the time to prepare,” says Boyd. “And we’ve also seen
businesses with no plan in place that are powerless to resume
operations. There is no worse feeling for a business person and no worse
fate. The ability for your business to survive depends on preparations
made today.”