Do you know why some small- to medium-sized businesses (SMBs) fail during the first five years of operation? Poor leadership is one reason, inadequate capital is another. Another possible cause is the lack of preparation for major disruptions like natural disasters and cyberattacks. If you want to prevent this from happening to your business, you need a business continuity plan (BCP). A BCP is a predefined set of protocols on how your business should respond in case of an emergency or natural disaster. It contains contingency plans for every aspect of your organization, including human resources, assets, and business processes. Various types of threats can affect SMBs such as: If your company does not have a BCP in place, now is a good time to create one. These steps will help you formulate an effective BCP that will ensure your company keeps running even during a major crisis. Having an effective BCP is a great way to ensure your business can quickly recover after a major disaster. If you’re thinking about creating a BCP for your company but don’t know where to start, give us a call today.
What is a BCP?
Key threats to business continuity
How to build an effective BCP
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