Posted in Business Planning
Business Continuity Planning
The worldwide businesses run of on specific plans and strategies that determine their success rate. Some organization take their plans seriously while some do no and as a result their all planning fails. Business ideas and business strategies are interconnected, they are the loopholes which develop while you are connecting your business and as your business grows the loopholes increase and you tend to develop some kind of dependency on each of your plans. Business continuity planning are basically the creation and validity of logistical plans, they determine the manner in which the organizations will recover fully or partially from critical conditions in functioning or executing of plans. The business continuity plans are comparatively less expensive insurance; any smaller company can afford to have. Many companies fail to prepare such business plans in a rush to make bigger companies.
The business continuity planning helps companies to improve their chances of survival and continue their business operations even after significant disastrous circumstances. The BCP (Business continuity plan) developed for smaller companies may not necessarily work for other bigger companies. The BCP are sometimes referred to as Disaster Recovery plans that serves two purposes. But most of the times DRP only works towards recovering from a disastrous condition of a business. Both of these terms have much in common except for the fact that DRP is oriented with recovery from a disaster while BCP is oriented with showing you how to continue with your business. Given below are some of the business continuity planning tips that will help you design the best plan for your business depending on your business requirements:
- Having detailed information of the key personnel working in the organization helps during the time of emergencies. Prepare a list of backups and the list of personnel who hold the type of position in your business without which your business cannot function absolutely. Think of the people who ideally occupy the positions when the actual people doing the jobs are on vacation. Have handy information of all the individuals occupying the main position in your business, the information you ought to be collecting are the phone numbers, home numbers, pager, business email, personal emails, home cell numbers and any possible way of contacting them during emergencies.
- Make a list of the people who can work from home, the telecommunications are the best you could do while you have any emergencies in office. Most of the people are okay with working from home so they can surely do the business sitting right at home. Make sure that your critical staff can telecommunicate.
- Have all your external contacts neatly documented; make sure that you have every critical information about the company. Always maintain a quick diary that contains information about the companies, community offices like police, water, fire and hospitals.
- Keep proper records of all the critical documents of the company. Legal papers and articles of incorporation should be kept safe but could be retrievable when needed. Maintain proper files of utility bills, critical HR documents, banking information, tax returns, building lease papers and much more.
- It is very important to keep handy the stuff that can be immediately used during an emergency. The contingency equipment options are a top priority here. In cases of fire to your trucks used in the business, you should have info about from where you could rent trucks, what are the options, how to get other important equipment for the process to go on.
- Like the way you make a to-do list for your daily office process, make a how-to list. This will have all the information and instructions of from where to, how, who should do the tasks, how they will do it, who will help it, etc. Each person in your office should be assigned the tasks and should be documented so that it becomes easier for call out during an emergency.
- The meaning of a BCP is that your business should continue, gathering all the information stated above is not sufficient. Document all it together so one special file can be made and snatched while you need it. You can make different copies of them and place it with the people who are at managerial level who take decisions.
- Let all the people working in an organization know about the company BCP plan; it will help you while on an emergency. Discuss different ideas and make changes according to their view points that might help for taking better decisions and good steps.
- The best to know how your business plan is going to work is by testing it. After putting so much of hard work putting in all different ideas and gathering information it is best advised to see how the output will look like. The practical test would help you and your colleagues understand the process more neatly and accurately and it might also help to make some changes that are needed.
- Review your plan at the end after the testing is done and pass on the copies to people in your department. Do not keep an outdated process in your office, keep updating as and when the changes are made in the office.
