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Business Continuity: Making Sure Your Business Is Protected From Unforeseen Risk

It’s important that your business can continue to operate in the event that something happens. One single disruption can often be the catalyst for huge unmanageable problems that could even put you out of business.

Risk-management

So, whether you’re a one-man band or a large national corporation, you could benefit from business continuity.

What is it?

Business continuity is a plan or procedure put in place that ensures the business can continue to operate in the event of a disaster. By preventing any interruptions caused by circumstances outside of your control, you’re business can stay on its feet.

When organising the continuity plan, businesses will have to consider what the most important functions of the operation are and ensure they’re protected first.

For the majority of businesses, the business continuity procedure will offsite data storage, disaster recovery, risk assessment and tape management practices.

Why is it necessary?

Sometimes, things just happen. They’re often events outside of our control, such as natural disasters and terrorist attacks. Just think about the Twin Towers or the more recent ash cloud in Iceland – despite being thousands of miles away, both of these events impacted on British businesses.

Those examples are fortunately very rare but it doesn’t have to be a big problem to cause an issue for your business. Much smaller things, such as power cuts, fires and telecoms faults might not feature on the evening news but they’re often enough to send businesses in crisis.

It can save money

Of course, there is a cost involved in having such protection for your business, but it’s unlikely to be anywhere near the financial expense of being shut down.

Around four out of ten organisations have been affected by IT failure, probably costing thousands of pounds whereas investing in business continuity from Iron Mountain can ensure that your business is still generating income, no matter what is happening in the outside world.

It’s more than just disaster recovery

While it’s absolutely essential that your business can recover after a crisis, there is more to business continuity management. It manages all the processes of the business, including supply chains and assets.

You might already have insurance against business interruption (a good thing to have), but will it repair the relationships with your customers? Will it protect against the negative comments and your reputation? No.

Business continuity will ensure that you can always deliver what you have promised to your customers, without having to blame things outside your control – something that will undoubtedly improve your reputation as a reliable business.

Sources:

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1 Comment

1 Comment

  1. Jenna Hunter

    May 15, 2019 at 1:10 am

    I like that you explained business continuity as the plan for how it will operate even if there happens to be a disaster. My brother is trying to start his own business and this would be really helpful for him. knowing how to react and having a plan for disasters would really reassure my brother that the company will continue going.

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