Unplanned events can have a devastating effect on small businesses. Events such as fire, damage to stock, illness of key staff or IT system failure could all make it difficult or even impossible to carry out your normal day-to-day activities. At worst, this could see you losing important customers - and even going out of business altogether.
But with good planning you can take steps to minimise the potential impact of a disaster - and ideally prevent it happening in the first place. This good planning process is called Business Continuity Management.
Business Continuity Management (BCM) is about identifying those parts of your organisation that you can’t afford to lose - such as information, stock, premises, staff and planning how to maintain these if an emergency occurs.
Any incident, large or small, whether it is natural, accidental or deliberate, can cause major disruption to your organisation. But if you plan now, rather than waiting for it to happen, you will be able to get back to business in the quickest possible time. Delays could mean you lose valuable business to your competitors, or that your customers lose confidence in you.
BCM is simpler than you may imagine. To develop a BCM plan and implement it you will need to consider the following: