During a major incident such as flooding, fuel shortages or pandemic illness
- 25% of businesses never reopen
- 80% of businesses that don’t recover within one month go out of business
- 75% of businesses that don’t have a Business Continuity Plan go out of business within three years
Reference – Business Continuity Institute – ‘The Time is Now’
It doesn't matter if your business is small or large, the affect of being unprepared for an emergency could be catastrophic, so planning for the continuity of your business is essential.
Business Continuity Management is a process of anticipating the things that could affect a business, such as:
- Being unable to access your business premise
- Losing IT and communication systems
- Losing a significant number of staff
- A key supplier not being able to provide you with essential goods or services
- And developing strategies and solutions to mitigate a disruption and support a business to continue some form of trading or operation. These strategies are then formulated into a Business Continuity Plan.
To help you get started with Business Continuity Management, Cleveland Local Resilience Forum has produced an easy to follow guide called ‘Business Continuity Management’ . Start by reading ‘Business Continuity Management’ which contains step-by-step guides on how to use templates.
|National Business Planning Assumptions - provides guidance on what business need to consider when developing resilience plans.||www.gov.uk/government/publications/business-resilience-planning-assumptions|
|Flood information from the Environment Agency||
|The Business Continuity Institute||
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