Whether you are starting a new business or running a well-established one, your company should have a comprehensively designed and implemented business continuity plan in place. When creating a business continuity plan or revising one, the best way to get started is to read some books on the subject.
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At any given moment, there is some disaster, natural or unnatural, somewhere in this world where people are affected on a large scale. One does not have to be at the epicentre of an earthquake to suffer the repercussions of a disaster. Disaster can strike at any time and place and can affect businesses critically.
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Business continuity planning and managing one’s business are definitely top of mind for a lot of business owners and managers. This is especially true in the tricky waters of South Africa, where infrastructure is no longer guaranteed.
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A business impact analysis is really one of the cornerstones of business continuity planning.
Business continuity is the process of planning and the philosophy of constantly improving one’s business.
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This is a really tough question. How can I determine how much you need to spend to ensure that you have adequate business continuity plans in place? This will depend upon how much is required to ensure you have built-in redundancy for the services that your business relies upon.
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It may seem difficult to understand business continuity planning – also known as a disaster recovery plan – but in reality, it just comes down to common sense. It’s about planning how you’re going to deal with the issues your business might face and setting up your business in a way that ensures robustness and constant improvement.
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We recently spent an entire day in our offices without electricity due to an unexpected power cut by the City of Cape Town. Fortunately we had anticipated this earlier on in the year and invested in generators to keep our offices going.
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Unless you have been holed up in a bunker or living off the grid, you would already have felt the effects of load shedding. Like it or not, it looks like the problem is here to stay for a while. Businesses can help improve the situation by conserving power, using natural light and even using solar power. That is not enough, however. Businesses also need to safeguard themselves against load shedding.
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It’s New Year’s resolution time again. ‘Get skinny.’ ‘Be more successful.’ ‘Be nice to people.’ Besides the usual self improvement resolutions, you’re probably asking yourself what 2015 has in store for you and your business. Of course, this will really depend on how sustainable your business is and what the growth prospects are.
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