An emergency or disaster can impact any business which can prevent it from continuing normal operations. Take action to build resilience within your operations to be prepared for any emergency - this could include back up suppliers, a rainy-day fund or strong community connections to assist during crisis.
You should also consider developing a Business Continuity Plan (BCP) is intended to minimize the impacts of business activity disruptions.
A BCP will assist businesses in identifying essential/critical services, when and how they need to be delivered (equipment, data, personnel, facilities, etc.), and how employees will respond when there is a disruption. In it, you should identify risks and hazards to your business operations.
Your plan should consider:
- Products and services
- Community engagement
Conduct a Business Impact Analysis (BIA) ensure operational resilience and continuity of operations during and after a disruption. Information gathered from a Business Impact Analysis will formulate the tasks, procedures, and organization required to work through a disruption, and will improve a business's ability to minimize losses, meet obligations, and build confidence from the people who depend on a service. A thorough BCP should also include details for returning to a normal state-of-operations after a disruption.
A Guide to Business Continuity Planning provides a summary and general advice for Business Continuity Planning.