5 Advantages of having a Business Continuity Plan

You may have seen the statistics – only 2 out of 3 businesses have a business continuity plan, and 90% of businesses without a plan will fail following a disaster.  That’s a virtual guarantee of failure.

Business Continuity Plan
Don’t roll the dice – make a plan!

You don’t want to be one of those businesses that failed simply because they didn’t give a little time and effort to planning.  But it’s so hard to carve out the time for something you might never need, right?

So, give these advantages some thought – you might find you can justify carving out that time to make a plan, after all.

  1. Focus on your strengths. Planning will encourage you to scrutinize the pieces of your business that are absolutely critical in order to keep functioning, and which pieces don’t actually have to be available 24/7/365.  When you focus your efforts on those critical pieces, you are focusing on your strengths, which always produces benefits.
  2. Reveal opportunities to outsource and save.  Having determined those pieces that don’t have to be back on-line or functioning immediately may reveal some functions that could best be handled by someone else.  Outsourcing those activities often saves time and money, as well as providing expertise you might not have had.
  3. Business Continuity PlanImproved credibility. A business with a plan has more credibility than one without.  Your customers want to know you’ll be there for them – this will help reassure them that you will be.  It might also just be that added benefit that will win you the sale over your competitor.
  4. Improved employee morale. Employees also want to know that their job is secure – or at least as secure as possible in our ever-changing environment. Knowing you are planning to stay in business in the face of disruptions – and practicing their role in that – will help them feel secure.
  5. Rolling better with changes. This process forces you to review threats to your business from time to time, which may reveal some changes in your competitive or customer landscape. When you’re just busy getting through your business every day, changes can sneak up on you until it’s too late to roll with them.  If you review these things regularly, changes just might reveal themselves to you more quickly.

If you’re ready now to get a plan in place, but don’t know where to start, check out my resources.  They are free and will provide you with some structure and suggestions for items that should be included in your plan.

2 thoughts on “5 Advantages of having a Business Continuity Plan”

  1. I don’t want to be one of those that failed that’s why I make sure to have my business continuity plan. Business continuity plan is indeed a basic need of every business to ensure a secured future even in disastrous conditions.

Leave a Comment

Your email address will not be published. Required fields are marked *

I accept that my given data and my IP address is sent to a server in the USA only for the purpose of spam prevention through the Akismet program.More information on Akismet and GDPR.