Businesses face a variety of potential emergencies and threats that can disrupt their operations.
From natural disasters to cybersecurity attacks, it’s pivotal to safeguard your business in case something happens.
Enter: Business continuity planning.
Let’s take a closer look at what business continuity planning is and why it matters.
We’ll explore different threats that may occur and disrupt operations — along with some practical strategies you can implement to promote business resilience.
You’ll also discover a helpful template you can use to create your own business continuity plan.
Let’s get started.
What is business continuity planning?
Business continuity planning means creating a strategy to help your business continue (or quickly resume) normal operations after a disruptive event.
It involves identifying potential threats and developing measures to mitigate them, such as:
- Implementing backup systems
- Creating contingency plans
- Establishing protocols for emergency response
It’s about keeping your business up and running, even in challenging circumstances.
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Let’s take a closer look at the business continuity planning process and why you need a recovery plan.
What could disrupt my business, and what should I include in my plan?
Businesses face a variety of emergencies and disasters that can disrupt their operations and impact their ability to continue functioning.
Especially brick-and-mortar businesses and ecommerce brands.
One example is natural disasters, such as hurricanes, earthquakes, or floods, which can cause:
- Widespread damage to infrastructure
- Power outages
- Supply chain disruptions.
To safeguard against such events, businesses need comprehensive business continuity plans that identify critical business functions and outline recovery strategies.
Effective business continuity plans involve senior management and a dedicated business continuity team to implement and maintain the plans. This could be an entire task force or a small group of proactive problem-solvers.
Another type of emergency that businesses need to safeguard against is a major disaster, whether a fire, cyber attack, or prolonged system failure.
To address these scenarios, you need a robust disaster recovery plan in place.
This should outline steps to recover data and restore systems to maintain essential business processes.
Preparing your business continuity plan: A Template
Below, you’ll find a simple template you can use when preparing your business continuity plan.
Use the following template to plan your proactive tactics and your reactive responses. Both are pivotal to helping your business remain as resilient as possible.
We’ll also outline some specific strategies you can use in a bit.
Business continuity planning template
(Enter Business Name)’s Business Continuity Plan
Below, you’ll find our preventative and reactive responses to potential threats and emergencies.
Organization’s Name: ____________________________
Business owner: ____________________________
Senior management: ____________________________
Dedicated business continuity team members: _____________________________
Our critical business functions include:
- A
- B
- C
- D
- E
Our proactive strategies include:
- A
- B
- C
- D
- E
(Enter strategies to help prevent something from disrupting your business — such as data backup services.)
Our recovery strategies include…
- Strategy to recover data: ________________________________________________________
________________________________________________________
- Strategy to restore systems:
________________________________________________________
________________________________________________________
- Strategy to maintain essential business processes:
________________________________________________________
________________________________________________________
Last Updated: (Enter Date)
Now that you have a template to reference, let’s review some strategies you can use to safeguard your business.
The following business continuity strategies can help you prevent emergencies — or handle them without major disruption to your business operations.
1. Use Cloud Security Posture Management (CSPM) to remain resilient against cyber attacks
The important role technology plays in ensuring business continuity can’t be overstated.
A crucial aspect of this is safeguarding your business’s digital assets and operations.
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This is where Cloud Security Posture Management (CSPM) becomes pivotal. CSPM isn’t a buzzword — it’s a foundational element in protecting your business from cyber threats and uninterrupted operations.
Imagine your business’s cloud infrastructure as a complex network of digital highways.
Just as traffic rules and signs maintain order and safety on the road, CSPM sets the guidelines and monitors your cloud environment to prevent disruptions and security breaches.
By regularly scanning your cloud environments for misconfigurations and non-compliance issues, CSPM tools act as vigilant guards. This ensures your business’ cloud infrastructure is operational, secure, and compliant with industry standards.
2. Use a scheduling app to manage employee schedules in case of an emergency
When it comes to business continuity planning, scheduling apps for employees play a crucial role in ensuring team and operational stability during emergencies.
These apps provide the flexibility and convenience to easily plan upcoming shifts or rearrange the entire schedule.
In the event of an emergency, such as unexpected absences or sudden changes in staffing requirements, you can quickly adjust and fill any gaps in your team’s schedule.
These apps also offer features like shift swapping, which allows employees to request or exchange shifts as a backup plan.
With the ability to easily reschedule and redistribute work hours, you can maintain productivity and continuity even in challenging situations.
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3. Use AWS backup to protect internal data
AWS backup offers a powerful solution for safeguarding and protecting internal data.
With AWS Backup, businesses can rely on robust data security measures to uphold business continuity and facilitate uninterrupted operations.
By implementing AWS backup services, your critical data will be protected and easily recoverable — even in the face of crises.
4. Use Enterprise Resource Planning (ERP) systems to create a strong foundation for continued success
Don’t let the name fool you. Enterprise Resource Planning (ERP) systems are a special type of technology that can greatly benefit small businesses.
They’re comprehensive software solutions businesses use to integrate and manage various core operations, such as:
- Customer relationship management
- Human resources
- Procurement
- Supply chain
- Finance
With an ERP system, you’ll have a central database that allows different departments within your organization to share and access information in real-time.
This streamlines processes, improves efficiency, and promotes collaboration by providing a unified data management and decision-making platform. The result? A whole myriad of benefits.
When it comes to ERP systems, reliability is key. A trusted option for this is SAP ERP.
However, implementing and customizing SAP ERP for small businesses can be complex with its advanced features. That’s where the expertise of reliable SAP consulting solutions comes into play.
Getting guidance from experts not only makes the implementation process smoother but also ensures the ERP system fits perfectly within your business’s unique needs. This is especially crucial for small businesses since they rely on more limited resources than enterprise-level companies.
5. Protect your reputation with the right business entity
The legal structure you choose for your business can protect your reputation in case of a devastating emergency.
For instance, if an intense cyber attack leads to data leaks and large financial losses, there’s a chance you won’t be held personally responsible for your business’ debts or losses.
In other words… the way you registered your business to begin with may help you stay in business later.
Registering a business in Texas as an LLC, for example, offers the potential for limited liability protection. In this case, any member of the LLC has the chance not to be held personally liable. With this in mind, your team could pivot as needed without harming brand credibility.
Texas also has more flexibility for LLC businesses, such as no requirement for meeting minutes. This makes it easier to fulfill legal requirements as a business, so you have the best chance of receiving personal liability protection.
But don’t take our word for it.
Always seek legal advice from a registered agent or business consultant.
They’ll go over your liabilities with you and your goals to help you uncover the best legal framework. Ask them to help you choose a structure that can protect your business (or at least your personal assets) from potential threats.
If you’ve already chosen a structure, meet with your agent to talk about the possibility of choosing another option if needed.
They’ll need to know:
- What kind of business do you have
- What outside threats would you like to prevent
- Your personal and business assets
- Your business’ more specific top risks (i.e., location-based or industry-based risks)
- What state you’re in or would like to get registered in
- How many employees do you have
- How much your business is earning
- Key factors about how your business operates
Wrap up
Business continuity planning is essential for any organization striving for success and resilience.
With a plan in place, you’ll be able to proactively identify potential risks, establish clear protocols, and allocate resources efficiently.
Use the template we provided for a structured framework to create your personalized plan.
Go over the prevention and reactive strategies we covered with your dedicated business continuity team and tailor them to your needs.
That’s it for now.
Here’s to your continued success!
Image by 8photo on Freepik
