How to Build a Future-Proof Business Continuity Plan

business executives creating a continuity plan

The ongoing impact of COVID-19 has made businesses reassess their abilities to continue in the light of adversity. With the rise of natural disasters like hurricanes, in combination with cybersecurity breaches, such as ransomware attacks, the best approach is to incorporate a stringent business security plan. 

Wherever the issue comes from, be it internal or external, the outcome will always be the same, your business is put in jeopardy. This is why it’s so important for you to act quickly to respond to the situation before it becomes worse, which is where a continuity plan comes into play. 

Why Do You Need a Business Continuity Plan? 

A business continuity plan gives you a solid structure to adapt to problems that head in your direction. It gives you the opportunity to anticipate difficulties, so your business can continue. With the alarming statistic that 20% of businesses disintegrate within the first year, and 50% only make it to their 5th birthday, this is a clear sign that external issues are not prepared for.

How Do You Create a Future-Proof Business Continuity Plan? 

Preparing a business continuity plan is about making sure it is two things: 

Adaptable. When you highlight potential threats to the company, you won’t be able to predict exactly what occurs. Having a malleable and adaptable business plan means that you are able to react to the specific requirements of the problem. 

Achievable. Businesses have long-term goals, and this means that having the resources in place to fulfill the response to the attack needs to also be in place. Are you able to initiate a proper response as you stated in your continuity plan? If you have ideas above your station, you need to make sure that your business grows in resources to fulfill them.

How Do You Create a Plan for Your Business? 

The approach to incorporating a successful business continuity plan is about the following components:

Assembling the right team. It’s about having the right people who can understand the best responses for specific threats. When you are assembling a team, it’s about providing a wide variety of experiences, but also pinpointing each professional’s ability to deal with a crisis. Each person needs to have an inherent understanding of what their role is in the situation.

Continuity strategies. When businesses receive setbacks, you need to make sure that your business is able to continue in the face of adversity. This could mean having your data backed up, or ensuring that your colleagues have access to a remote server so they can continue to work, which keeps the business up and running.

Detailed recovery strategies. Information can be taken via a data hack, which is why you need to work with an IT company to ensure that you are able to retrieve any information. You can find a Houston-based IT company that will help.

Have a risk analysis. A risk analysis will always ensure that you understand your weaknesses, which is vital to making you stronger. 

Once you create a business continuity plan, it is about ensuring that you can take the steps to update and implement your business continuity plan accordingly. Being prepared for catastrophes is not something we like to do, but if it ever happens to us, we would be glad that we prepared.