Business continuity plans (BCPs) ensure the safety and continuation of your business’s communication, data, and other resources in the event of a disaster.
As a business owner, you probably know other leaders who have implemented business continuity plans in their own establishments. But have you taken the same advice?
The top reason for business owners not implementing business continuity plans is that they think it will be useless. In other words, the planning will take too much time and effort, and, of course, in most situations, disasters are few and far between.
The truth is, however, disasters are really far more likely to occur than you think. Furthermore, not having a business continuity plan in place, can leave you with enormous problems.
Still not convinced you need a business continuity plan in your business? Earl Foote who runs Nexus IT, an IT services company in Utah shares four more reasons to make the consideration.
Top 4 Reasons to Consider Implementing a Business Continuity Plan
1. Disasters and downtime are costly
If you think it’s expensive to have a slight glitch with your network or to lose access to your data for a short period of time, imagine a scenario in which you lose data and network access for days or even weeks. Not only will productivity be reduced by a large margin, but your clients or customers may also become disillusioned with your ability to provide reliable service. This won’t only hurt your company during the disaster; it will hurt you long-term.
2. Many “disasters” are actually malware-related
Tornadoes and hurricanes are definitely disasters to avoid, but they aren’t the only threats to your business. In fact, a large portion of so-called “disasters” (those events that prompt the engagement of a business continuity plan) are related to malware or malicious software. This means that, inevitably, you’ll need to work with IT cybersecurity specialists to discuss your options for avoiding hackers and other security issues.
Most managed IT service providers will be able to offer cybersecurity training for employees. This will be extremely helpful at avoiding a potential malware fiasco as phishing mail, especially, is often the portal through which malware is downloaded onto computers. Furthermore, ask your IT professionals about things like firewalls, data backup plans, and more.
3. Data backups will only take you so far
Some business owners mistakenly think that business continuity is all about data backup and nothing more. In fact, there are many facets to a sound business continuity plan. Certainly, you’ll need to ensure good backups for your data, but you’ll also need to look at communications, network connections, physical workspaces, and more. All of these issues could arise during and after a disaster.
4. Look out for your customers after a disaster
It’s easy to think that the most impacted sector of your business will be your employees, but you need to start thinking about your customers and clients after a disaster as well. This is especially true if you provide online login portals and/or services and products that your customers need. The best business continuity plans will put their customers before all else.
Contact Your IT Service Provider Today for More Information
Are you ready to create a business continuity plan for your business? If so, speak with your IT service company today for information and advice on creating the best plan possible. An IT professional will be able to help you choose a plan that’s right for your unique company and business goals.
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