Business continuity planning: Why should our company prepare for the worst?
No one wants to be reminded that bad things can happen to even a great company, such as yours, but they do — so it’s vital that you and your business are prepared. At the moment of a disaster, your best defence is to be able to carry on with minimal interruption. We can help you do that. Your company’s business continuity plan should include the best way to handle any anticipated or unforeseen catastrophe that might strike your business and keep you from functioning. How would you respond if a fire, flood, a cyberattack or other distressing event were to occur? Having a concrete and well-thought-out plan can ensure minimal panic and a speedy recovery for you and your employees.
Business continuity planning isn’t a magic bullet to ensure everything always goes as planned. It’s a tool you can use when things go wrong, giving you a solid foundation of strategic plans and preparedness to resist any unexpected storms that may arise. And eventually, at least one thing will surface — even the best companies experience a crisis, but those that are best-prepared aren’t fazed by it — they know exactly what needs to be done.
This is why businesses should be writing their plans for how they’ll respond during unexpected events occurring within their organisations. By undertaking careful planning and exercising these plans repeatedly, we can learn to anticipate problems before they occur and make the best out of a bad situation when they do happen.
Four aspects to consider when setting up a business continuity plan:
- Business impact analysis
A Business Impact Analysis (BIA) is one of the first steps your company should consider. A Business Impact Analysis is a review of all Business-Critical Operations, risk assessing them in the event of a worst-case scenario.
- Implementing the right technology
We recommend having backups on-site and on the Cloud to safeguard your data. That should cover you if anything happens to your server or if you are hit by a ransomware attack. When considering backup and recovery solutions, think about your desired Recovery Time Objective and Recovery Point Objective – RTO and RPO – which will determine how fast you can recover and how much data you can afford to lose. Remember to test these backups and check if they are functioning correctly and within your objectives! Read: https://sybaweb.com/cloud-storage-what-is-it-and-why-should-your-company-consider-moving-your-data/ & https://sybaweb.com/make-sure-your-backups-are-ready/
- Preparing your work force
It’s up to your people to bring your business back into action! A Business Continuity Coordinator should be nominated to lead this effort, and all employees should be trained or at least made aware of the Business Continuity Process.
- Outlining your processes
In the event of your organisation having to close due to an emergency, there should be procedures and guidelines available to all staff to let them know what to do. Documentation such as an incident response plan, business continuity plan and a continuity of operations plan is what people will be searching for at this time.
Your employees should know where these documents are located, whether on a local file server or hosted in the Cloud.
Read: ICT Health Check – How cyber fit are you
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