No business can ever fully be prepared for a flood, earthquake or other devastating natural disaster. Yet, these incidents, however unfortunate, happen all the time to companies around the world. And, though it may seem unfair, some businesses are more susceptible than their competition. Experts estimate that one out of every four businesses is unable to reopen its doors following a natural disaster, a figure that might be lower if more companies developed an effective business continuity plan.
While insurance provides part of the solution, businesses need to ensure that their work stoppage is brief, no matter the severity of the circumstances. By waiting for an extended period of time, companies could lose essential business to their better-prepared competitors, as like it or not, the business world doesn’t stop due to devastating incidents in one area.
Developing a business continuity plan
Even though many business owners believe they have sufficient plans in place to mitigate their losses in the event of a disaster, few of these individuals place a priority on reassessing these documents on a consistent basis. In addition, many other owners choose to focus on only a few aspects of the disaster management process, such as establishing hot sites, some don’t develop solutions that could lead to a quick and complete small business recovery.
This can be detrimental, as BCPs are generally lengthy documents that require constant assessment. For instance, Entrepreneur Magazine suggests that the templates for these documents be as long as 10 pages alone. Without updating the staff’s roles, responsibilities and contact information, those faced with the immediate need to rely on the information may be left to make potentially poor decisions.
The benefits of hiring an outside firm for BCP consultation
Developing a solid BCP plan takes time, effort and often an employee who is dedicated to constantly revising these initiatives for the business. However, since many small businesses are looking to maximize their current staff, this planning often falls by the wayside. As a result, many companies that have BCP plans never meet with their local fire department to discuss emergency plans, though many go through the motions of obligatory fire drills.
Businesses in areas of the country that are prone to fire, tornadoes or hurricanes should seek consultation on how best to hold these essential exercises as well. By asking for expert advice and choosing to lift this heavy burden off one or more employees, owners can rest assured that the fate of their business won’t be decided by an unplanned natural phenomenon.
Why KETCHConsulting offers the best business continuity guidance
With a team of professionals that average more than 25 years in IT and 15 years of experience in business continuity planning, KETCHConsulting is able to offer a team of experts that few of their competitors can match. In addition, the company’s approach differs from their competitors, many of which only emphasize data protection as a catch-all way to ensure business continuity.
By comparison, KETCHConsulting understands that during disaster recovery planning, many of the finer details can be overlooked. With its dual emphasis on data security as well as the actual operational aspects, savvy business owners can put in place a working solution that will ensure everyone is on the same page regarding how work will continue in the aftermath of a major incident.
KETCHConsulting can also help government organizations and institutions plan for these occurances by providing expert continuity of operations planning consultation.