Business Continuity Plan For The Small Home Based Business

Every business, from well-established organizations such as Microsoft to the small home based business that operates out of a basement is bound to experience operational setbacks from time to time. These setbacks can be both positive and negative interruptions of normal business flow. For example, an organization might experience a demand for a product at a rate not originally anticipated, generating more revenue than expected, but leaving the organization struggling to avoid back order. Organizations might find themselves victims of theft, or sabotage, and of course no organization is impervious to the consequences of operating in the natural world. Fires, floods, storms, power outages, and other variables beyond the control of the organization have the ability to bring an entire company to a halt. While these situations are not entirely avoidable, an organization’s ability to recover from such setbacks largely depends on how much energy has been invested into identifying and mitigating risk through the use of a well-established business continuity plan. Lindros and Tittel (2013) explain that business continuity refers to maintaining business functions, or quickly recovering such functions in the event of a major disruption, and the lack of planning doesn’t just mean an organization will take longer to recover, but may never recover at all. The first step to developing an effective continuity plan is a thorough planning process in which an organization establishesShow MoreRelatedDisaster Recovery1475 Words   |  6 PagesRecovery Plan Overview By Loki Consulting, Inc. Iris Morgan Heather German Gwen Northrup EXECUTIVE SUMMARY Loki Consulting, Inc. was established in 1997 as a result of Hurricane Fran. 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