by Ali Hasan,
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on the net: http://www.bizplancorner.com
PAKISTAN, Feb 19 — Business continuity plan is one of the most expensive and time taking plan, which many companies skip to develop as this costs virtually nothing to produce. This plan is beneficial for small companies as it will help them continuing their operations, during or after significant disasters. Business continuity plans are also sometime known as disaster recovery plans.
Communicate: Once you have completed your business continuity plan, make sure that your management team must know about it
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usiness continuity plan is one of the most expensive and time taking plan, which many companies skip to develop as this costs virtually nothing to produce. This plan is beneficial for small companies as it will help them continuing their operations, during or after significant disasters. Business continuity plans are also sometime known as disaster recovery plans. Both documents have their own importance, business continuity plan helps entrepreneurs continue doing their business after the disaster, whereas disaster recovery plan should be oriented towards recovering after a disaster.
Business continuity plan is one of the most important plan that helps entrepreneur to cope up with hurdles comes in between their way, therefore, it is necessary that it should be professionally written without any errors. Following are some steps involved in writing a business continuity plan:
Management team: These are the people without, which you business absolutely cannot function. It is necessary, to make the list of your management team in your business continuity plan, list down their job function; also list down their contact information so that, at the time of emergency you can easily contact them.
Identify who can telecommute: There are many employees in your company who can easily operate your business from a home office. Find and list down their names and information. Make sure that your management team, at the time of emergency, can easily contact them.
Document external contacts: List down all the information about your critical vendors and contractors. This step also includes the list of your attorneys, bankers, investors, IT consultants etc. List all the individuals who can assist with various operational issues.
Identify critical documents: Make sure you have all the legal documents, which are useful in starting a business such as, articles of incorporation, banking information, building lease papers, tax returns, etc.
Identify your contingency location: There are many times when your primary offices are unavailable. You cannot stop operating business at that time. Contingency location is the place from where you conduct your business when your primary offices are under construction or under renovation. It could be a hotel, your contract’s office or your attorney office. Identify your contingency location and map of the location in your business continuity plan.
Communicate: Once you have completed your business continuity plan, make sure that your management team must know about it. You can hold training classes in order to tell them about this important document to your employees.
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