Resilience Plan
Every business, regardless of size, can be affected by emergencies or disasters, risking the loss of hard-earned customers and operations. Issues like broken pipes, severe weather, and cyber-attacks can leave businesses vulnerable to significant losses. Being proactive and building disaster resilience is crucial for maintaining operations during unexpected events and ensuring financial recovery after a major loss. Resilience refers to the ability of businesses and communities to survive, adapt, and thrive despite challenges. To protect your business, employees, and customers, start by gaining a basic understanding of business resilience, as it can determine your ability to reopen after a crisis.
Do you know your...
- Risks: identify serious threats that may lead to disruptions.
- Operations: understand business functions and processes critical for survival.
- Employees: document employee information so you can connect with them.
- Equipment: protect critical equipment to keep your business running.
- Key Customers, Contacts, Suppliers, and Vendors: ensure continued service to customers.
- Information Technology: understand IT needs and develop protection systems.
- Finances: ensure financial resilience.
- Plan: review, test and update plans to stay updated.
- Community: build ties with those that can help your business recover.
Four basic steps to building business resilience:
- Identify risks that make your business vulnerable (Risk Assessment)
- Analyze the impacts those risks potentially have on your business (Business Impact Analysis).
- Create a resilience strategy and plan using the template included in this guide.
- Measure your efforts through testing, training, and maintaining your documents.