Cybersecurity and IT Services for Alternative Asset Managers 

Key Steps for Successful Business Continuity Planning

September 18, 2024

Imagine being the owner of the most popular coffee joint on the corner. Your loyal customers line up outside each morning, eager to grab their caffeine fix. But, one day, as your staff hustles to keep up with the orders, a sudden storm knocks out the power, leaving the cafe in the dark. Or worse, a cyberattack targets your billing system, leaving a long line of frustrated customers.

Unexpected chaos can strike any business at any time. One moment, you’re basking in the glory of running a successful establishment; the next, you’re thrown against a wall, staring at a crisis that could disrupt your entire business. Don’t let this be your story.

In this blog, we’ll show you the key steps to create a Business Continuity Plan (BCP) that works for you and ensures your business stays up and running, even in the face of disaster.

Here is how you can stay resilient in the face of any challenge:

Find what’s important for your business and prioritize it.

Identify what’s necessary for your business. It’s crucial how you prioritize your business-critical resources. Once you’ve figured that out, try to understand how sudden disruptions can affect these functions.

For example, if you run a coffee shop, brewing coffee and serving customers would be some of the essential functions of your business. You’d need to understand how disruptions can impact your business. Similarly, you must also ensure your kitchen runs efficiently while your coffee supply remains steady.

Develop a comprehensive plan.

Provide your team with clear, step-by-step instructions on the actions to take during a disruption. One goal is to minimize downtime, so assigning team members tasks to help manage disruptions efficiently is critical.

For example, say you own a bakery, and your oven fails. You should have a plan that helps your team manage orders and communicate the delay to your customers. You should allocate specific roles to members to handle the repair work or the communication.

Leverage the latest tools to protect business data.

Some tools and solutions can take data backups automatically. The data is then saved in the cloud and can be retrieved when you need it. Similarly, you can utilize failover systems to switch to backup systems in a disaster.

For example, if you run a gym, you can regularly back up and save your membership records on the cloud. The copies of all critical information can be accessed anytime and retrieved in case of a disruption. Additionally, you could keep an extra Point of Sale (POS) device in case your other payment options fail.

Train your staff and test for preparedness.

Regularly train your staff to improve team preparedness by simulating mock scenarios. This will help you test both your business continuity plan and your team’s efficiency. You can update and enhance your BCP per your business needs based on the training and testing.

For example, restaurant staff should have ample instruction on how to handle kitchen fires. Similarly, the waitstaff must be prepared to handle backup billing machines and manage customer orders.

Involve key stakeholders.

Consider the opinions and feedback from your managers and key staff members. For the success of your BCP, it’s crucial to keep everyone in the loop as you update and make changes.

For example, your cafe staff can share valuable information that could be important while building your BCP. It’s vital to keep them updated on changes to ensure everyone is on the same page.

Continuous monitoring and improvement

Technical problems can come up at any time. Make it a standard practice to regularly look for potential system issues early. After a disruption, consider gathering information from your staff and customers to improve your continuity plan.

For example, coffee and customer billing machines are the business-critical systems for a cafe. It’s crucial for you to check these types of equipment regularly for any issues. Use any disruption as an opportunity to improve. Take feedback from customers and your employees.

It can be overwhelming to implement business continuity planning, especially while managing your business independently. That’s where an experienced IT service provider can step in. From helping you identify critical business functions to implementing failover systems and conducting regular tests, we can guide you through every step of the way.

Our experts will ensure that your BCP is effective and tailored to your unique business needs.

Download our free checklist y and let’s make continuity planning stress-free for you.