You don’t need to be repeatedly told just how important risk management is. If you did, you probably wouldn’t have made it this far. One problem you see from business owners today is that while they understand just how many problems there are--and which ones they need to find solutions for first--they want to grow their company so fast that they overlook potential problems and end up hurting their business as a result. This month, we thought we would talk a little bit about contingency planning and how, if it is done right, it can have a marked effect on your business’ ability to carry-on after a problematic event.
Link High Technologies
Much is made about business continuity planning, but there is a knowledge deficit about what exactly business continuity planning entails. Today, we will talk about the basics of the business continuity plan (BCP) and how today’s most successful businesses go about reading their contingency plans.
Everyone from Wall Street to Main Street is feeling the effects of the COVID-19 outbreak. As a result, many businesses have had to enact their disaster recovery strategy to ensure that their business remains on solid footing during this dark time.
Each March 31st, we like to observe World Backup Day, where we educate people about the benefits of having a comprehensive backup plan in place. This year, with tens of thousands of people being affected by Coronavirus, business has ground to a halt in large portions of the world. Today, we are going to look at the business continuity strategy and how, in times like these, you’ll be glad you have your data backed up.
It’s never an easy thing to talk about, but it does need to be talked about. If one of your key employees were to pass away, how would it affect your business? How do you prepare for this type of inevitability?
Businesses generate and collect a huge amount of data - some of it, practically useless, and some, critical to your business and its operations. It is this latter group that makes it so important that you have a comprehensive backup plan ready to go.