Call our team +44 (0) 207 566 3939

Blog

Should you start a business continuity plan?

Should you start a business continuity plan?

by | Apr 1, 2015 | Blog, Company Formation Services, Uncategorized | 0 comments

Have you ever wondered what would happen if a natural disaster, epidemic or a widespread power failure affected the operation of your business? Do you think your company is ready to face this kind of adversity, without stopping its production processes?

If the answer is no, it’s time to think about implementing a business continuity plan. A BCP is a program of actions aimed at protecting the critical processes of the companies and of generating activities for risks and contingencies.

The continuity plan, unlike what many people think, is not limited to creating mechanisms to react to the loss of sensitive information. It is also not exclusively a response to events that violate the technological infrastructure of business, or to create backups or backups of data – as envisaged by the disaster recovery plan – but to trace the guidelines for action if every segment of the business face risk.

Experts note that the BCP is not only designed for corporations, but also for small and medium enterprises (SMEs), regardless of their order or their specific characteristics. The business continuity plan seeks to make events, such as those discussed earlier, have the least possible impact on the assets, human factor and finances of the company.

Some of the risks covered or that should be covered by a business continuity plan are: infrastructural damage phenomena or natural disasters such as floods, high winds, explosions or fires, the loss of confidential information, computer breakdowns and diseases that threaten the health and productivity of workers.

To develop this program, you must follow this process:

1. Define processes and potential risks. The first step in creating a BCP is to analyse the operation of your business. Determine which are essential to generate profits and those you think are at most risk, so you can time the project activity after an unforeseen event. Identify weaknesses and work on them.

2. Know your infrastructure. Check your facilities and equipment. Determine what its significance is for the purposes of your productivity and evaluate their strength.

3. Fix critical needs. Imagine you experience any of the events described above and think about what you need for your business to remain active. Create multiple scenarios and define the activities that are most important for your business to remain standing.

4. Solution Document. Create a document of possible solutions to the likely risk scenarios and include mechanisms you can use to implement them.

5. Test the plan. You need to run simulations of dangerous events and define the roles of each area and make the necessary corrections. Remember that all staff must be capable of performing the practices mentioned in the plan.

It should be added that while the development of this should be encouraged and promoted by the company management, the staff are key in detecting vulnerabilities and the subsequent execution of the program.

Blog Categories

Contact Details

Tel: 0207 566 3939

Fax: 0207 566 39352

Sales: office@capital-office.co.uk

Support: support@capital-office.co.uk

Our Location

Capital Office
Kemp House
152-160 City Road
London, EC1V 2NX

Opening Hours

Monday - Friday: 9.00AM – 5.00PM
Saturday: Closed
Sunday: Closed

What Does a Company Director Do?

What Does a Company Director Do?  The role of a company director does not end at simply establishing a business address or projecting motivational predictions about the company’s growth. A company director is required to recognise and fulfil a number of key roles. A...

This Is How to File a Confirmation Statement

This Is How to File a Confirmation Statement Whether your business is the pride of a remote UK postcode, or you’ve registered your company at a more established business address, you must file a confirmation statement at Companies House. A Confirmation Statement...

All You Need to Know About Limited Company Shares

If you’re set to launch a company limited by shares, it’s important for you to understand all there is to know about these limited company shares and what they mean for your business. Before you begin working via your prestigious registered office address, take note...

Appointing and Removing a Company Director

There may be a number of reasons you’ll want to remove your existing company director and/or appoint a new individual to the role. Whether you’re planning a major reshuffle at the top for the sake of changing course of your limited company’s ethos, or an individual is...

Where Do I Send My Stock Transfer Form?

Congratulations! You’re either a newly formed business, or you’ve been running your brand from a reputable business address for some time. But with the plaudits comes the pressure; not least the overwhelming number of documents you must process and submit. And when...

7 Important Roles of a Company Director

You may be the proud owner of a new business, functioning from a credible business address, and envisioning a bright future ahead. But if you’re unsure about exactly what a company director’s role entails, then you may find yourself hindering your company’s progress....

In a hurry and just want some advice?