subject: Protect business with Business continuity plans [print this page] Protect business with Business continuity plans
In most of the large companies, people can see disaster recovery or business continuity (DR/BC) plan. However, most of the medium and small companies do not plan it. So for these industries it is significant to be prepared. Although there are many reasons of business disruption but there are some natural and fire disasters. If a small business wants to do planning, it would not be on a grand scale like that of a large business although requirements will be the same. The similar details, the similar steps and the similar follow- through are needed.
If an organization has employees, they have the job to be all set so that they can be back in their business quickly. They have responsibility for their family as well as for the families of every employee of the organization. There are many benefits that a disaster recovery or a business continuity plan will provide. The most important one is that it helps in saving money, time and stress. Having this type of preparation will enable an organization to avail benefits. Once this is recognized by the businessman, more businessmen will take it more sincerely & select to have this required plan.
If a small business will take it seriously, it will get many advantages. Various benefits of the business continuity for small businesses are as follows:
Reduced stress- The most important benefit of BC plan is that it helps businessmen to reduce their stress. When organizations have a solid, good plan ready, they can use their time in implementing it and moreover they know that they are prepared.
More money to repair and replace - Another benefit of this BC plan is that it allows for speedy replacement or repairs.
Easier & more systematic insurance claim Through this planning it will be easy for inventory of assets to allow an efficient, fast claim procedure which results in a quick settlement with maximized financial result.
Short downtime Another benefit of this planning is that with a brief or short downtime, it ensures that an organization retains the employees and customers who may otherwise go somewhere else if there would be a long interruption
Some of the organizations have shortage of money or time to have a business continuity planning; though the cost of the BC planning is low as compared to the loss caused due to a natural or fire disaster.
This planning is essential in viewing the effects of accidental incidents which are outside the control of management. It is due to fact that it is unexpected that when these incidents will occur and what type of unforeseen or adverse turnabout is to occur. Every business manager should be prepared from any unforeseen turnarounds
