How to Ensure Business Continuity With a Cloud Intranet
Over the past 20 years, major global events from 9/11 to the Great Recession to Brexit, and now the COVID-19 pandemic, have had a devastating effect on business activity worldwide. During such trying economic times, it’s imperative for companies to have a plan that ensures business continuity. Below you’ll find a guide on how to steer your company through any crisis to ensure resiliency and fast recovery.
What is a business continuity plan?
A business continuity plan is a set of procedures and instructions a company will enact during times of crisis in order to remain operational. Typical reasons a company would execute their business continuity plan include:
Civil unrest such as protests that affect a business’ day-to-day operations.
Natural disasters such as floods, hurricanes, tornados or wildfires that damage infrastructure or displace workers.
Security threats such as ransomware that compromise business critical data.
According to the Federal Emergency Management Agency (FEMA), anywhere from 40% to 60% of small businesses never reopen after a large-scale crisis. Therefore, having a plan in place during emergencies could literally save your business.
So, What if I don’t have a business continuity plan?