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It is important for small businesses to take advantage of any green shoots of economic recovery.This includes having a watertight plan in place to keep on trading even if there is an interruption to normal trade.Being proactive in contacting important customers can go a long way in mitigating losses.
Your suppliers may face a shortage of the materials you need to continue your business activities, or demand for your services may simply decline.
No one can predict the future; however, you can be ready with a sound business continuity plan.
You should also ensure that this "emergency manager" has the authority to get things done.
As with other business aspects, planning for an emergency relies on the following: Use the Planning Team for Business Continuity in an Emergency form (DOC) to clearly identify the team members and coordinator who will create your BCP for emergencies, along with their respective contact information.
This main is for important partners who do not fall into the earlier categories, but that you would need to contact in the event of an emergency: Review your Business Continuity Plan to make sure that all issues have been addressed, and identify any areas in which you may need additional documentation.
The "Business Continuity Plan Checklist" provided by Capital Health was developed to ensure that you've covered most aspects of your plan. You should present a draft of the Business Continuity Plan to your emergency preparedness team for review and/or comment.
This means pre-planning the resources you would need to keep on trading in the hours, days and weeks after a crisis.
Reciprocal agreements with other companies are critical for small businesses as they reduce downtime and expenditure.
An incident log should be used to keep a record of what happened, when and on whose recommendation.
The second part is all about recovery: how are you going to get back on your feet and resume a normal level of service as quickly as possible?