[adning id=”12070″]

[adning id=”12070″]

Start 2021 by managing risks in your business

What would you do if your business was flooded, or ravaged by fire destroying equipment, vehicles, computers and furniture? Would you be able to continue working while your office, factory or farm was repaired or restored?

What if you were injured in an accident? Could your staff continue without you?

What if your internet went down and couldn’t be repaired for several days? Could you run your business without it?

Disasters and disruptions can cause expensive disturbances to a small business, so the quicker you can get back to work, the less it will cost. Being prepared with a business continuity plan can give you peace of mind if the worst should happen and your business is faced with a disruption of any kind, large or small.

What is a business continuity plan?

A business continuity plan can be as simple as a comprehensive insurance policy, a list of emergency numbers and important documents stored in a safe place.

Alternatively, it can be very comprehensive ensuring full back-up of all documentation stored off-site, communications and marketing plans, and alternative production and supply options sourced and ready to go at minimal notice.

To help small business owners avoid or limit damage from a disaster or disruption, we have created a business continuity plan template and a guide to using it, to help you develop a plan specific to managing disruption to your business.

Steps to developing a business continuity plan

Our business continuity plan template and guide follows the following eight steps:

  1. Identify your risks
  2. List your business activities
  3. Document your staff contacts and their roles
  4. Create a key stakeholder contact list
  5. Identify alternative business locations
  6. List your insurance coverage
  7. Develop a communications plan
  8. complete the emergency preparedness checklist

It’s a fact of life that things can and will go wrong. Being prepared for all contingencies is the basis of good business planning.

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on email
Email
Share on print
Print

Leave a Comment

Your email address will not be published. Required fields are marked *

SUBSCRIBE FREE
SME NEWS BRIEFS

Get breaking news delivered
  • This field is for validation purposes and should be left unchanged.

RECEIVE GOVT GRANT OF $10K to $250K*.

Austrade Approved Business Events
AVAILABLE NOW APPLY BEFORE 30th MARCH 2021 (Condition apply)

  • ABF Events are approved and listed below have been certified by Austrade on the Schedule of Approved Business Events.
  • This allows exhibitors, sponsors, delegates and partners to participate in the Business Events Grant Program. Note event bookings need to be confirmed ASAP to participate in the grant program
  • The program provides 50% rebate (based on a minimum spend of $20k) for approved items including ABF event-media packages, exhibition stands, corporate function tables, delegate registrations.
  • Govt Grant applications are now open until the 30 March. Please contact ABF to discuss how we can assist, we have experts to assist grant applications.
  • Grant funding will cover up to 50% of eligible expenditure incurred in participating at pre-approved business-to-business events as buyers or sellers during the 2021 calendar year.  All grant applications must be submitted for approval via the following link: https://business.gov.au/grants-and-programs/business-events-grants
  • For further information please see this fact sheet.