Business Continuity, the word itself is enough to remind you of a business buzz word that large corporations use, but it’s a well-used term for good reason. Technology is becoming part of our daily life, both for consumers and the businesses they use. As such, Business Continuity shouldn’t be shrugged off as just a corporate buzz word, and businesses of all shapes and sizes should have the relevant IT solutions in place.
What is Business Continuity?
There are a number of things that a business can experience that could potentially affect the running of the business. These could range from a cyber-attack, to a failure of an IT system. While one may seem more serious than the other, both will have an impact on the way the business operates.
A system failure or malware attack is likely to cause obstruction in the day-to-day running of the business, which could have ramifications on your customers, who may look to use a competitor if a resolution isn’t put in place quickly.
Created with the help of one of the many companies who provide the IT Support London businesses need, a Business Continuity plan allows a business to take a number of actions into account, and come up with a contingency plan for the business to continue trading following a cyber-attack, system failure or any other incident that could potentially affect the running of the business.
Business Continuity is often part of the IT support and management offered by professiona IT support companies, and it allows a business to become more resilient against a number of threats and occurrences, so it is still able to operate fully with little or no disruption to its customers.
What to Consider in Business Continuity
Very few businesses operate exactly the same, so each company can have its own risks and dangers associated with it. However, a business should always think of key questions that will help it make a more informed decision when instilling a Business Continuity plan. The key questions a business should ask itself is effectively a series of what-if questions, for example:
- What would happen if the electricity supply failed?
- What if the IT system fails?
- How would the business operate in the event of a fire?
- What if the business lost its suppliers?
These are just a few of the questions that businesses should be asking themselves in order to come up with a robust contingency plan.
Does My Business Really Need Business Continuity?
Some businesses may sidestep the idea of Business Continuity because the business is new or family run. While this viewpoint can be understood, it doesn’t mean that the business is safe.
The assumption should be that every business is open to attack, system failures and other occurrences out of its control. As such, even partnerships should really look at what the worst case scenario could be following an incident. While such an incident may never occur, there’s certainly no harm in being prepared.
Business Continuity is trending for a reason, because people want to safeguard their business. A business that has its priorities in order is in a better standing to bounce back from a number of disasters virtually unscathed.