Everybody wants to do business . Some have started . Some have succeeded. However according to research , 80 % of businesses do not survive 5 years ! Why ?
HAVE YOU HEARD ABOUT BUSINESS CONTINUITY PLANNING ?
Global Company use it for Disaster Recovery . Micro and SME’s can use it for ensuring continuity of businesses for the next 5 to 10 years. Apart from operational , tactical and strategic planning , BCP is a must. How do we do it ? There are 7 pillars :
- Conduct a Business Hazard Analysis for your business . Identify would be hazards for the next 5 to 10 years and how to overcome the problem. This must be prepared in advance so that a quick decision can be made when the time comes.
- Identify your manpower needs.
- Create communication plan in your company.Who is supposed to liase with the customers , government dept , suppliers etc and how are you going to do it.
- Ensure you have a robust Supply Chain System.
- Make sure you have insurance to cover losses as well as your own health.
- Have a Group Record Management System where all files are indexed according to important topics. Back up in a Cloud Service.
- Test run the system once a year.
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Thanks for sharing. I read many of your blog posts, cool, your blog is very good.
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I don’t think the title of your article matches the content lol. Just kidding, mainly because I had some doubts after reading the article.
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Can you be more specific about the content of your article? After reading it, I still have some doubts. Hope you can help me.
I don’t think the title of your article matches the content lol. Just kidding, mainly because I had some doubts after reading the article.