Whether it's a natural disaster such as an ice storm, or a serious accident in an industrial plant, an unforeseen event can disrupt business operations at any company.
After all, in an emergency situation, your employees may not be able to come to work. Your suppliers may face a shortage of the materials you need to continue your business activities, or demand for your services may simply decline.
The key benefits of a plan
No one can predict the future; however, you can be ready with a sound business continuity plan. Getting a plan in place shows your employees, shareholders and customers that you are a proactive organization; it improves overall efficiency in your company and helps you allocate the right financial and human resources to keep your firm up and running during a serious disruption.
Here are 8 basic steps to keep in mind when putting together your plan. Click on the link in each step to find more information and useful templates from BDC's complete Business Continuity Guide.