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How to Stay in Business

How to Stay in Business. When the Sky Falls In. Business Continuity Planning is a REQUIREMENT in today’s volatile environment. From an earthquake to a stolen laptop every business is at risk, and the need to manage it has nothing to do with your size. .

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How to Stay in Business

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  1. How to Stay in Business When the Sky Falls In © 2008 Cyberspace Virtual Services

  2. Business Continuity Planning is a REQUIREMENT in today’s volatile environment © 2008 Cyberspace Virtual Services

  3. From an earthquake to a stolen laptop every business is at risk, and the need to manage it has nothing to do with your size. © 2008 Cyberspace Virtual Services

  4. Small businesses, particularly a sole proprietor, are less able to survive a disaster. © 2008 Cyberspace Virtual Services

  5. With a Business Continuity Plan the loss of business income will be lessened. © 2008 Cyberspace Virtual Services

  6. Business Continuity Plan A formal and comprehensive Business Continuity Plan (BCP) is an essential part of Business Continuity Management (BCM). © 2008 Cyberspace Virtual Services

  7. Business Continuity Institute To quote the Business Continuity Institute, the professional body for Business Continuity Management: “Business Continuity Management is the act of anticipating incidents which will affect critical functions and processes for the organisation and ensuring that it responds to any incident in a planned and rehearsed manner”. © 2008 Cyberspace Virtual Services

  8. Create your own Business Continuity Plan • Prevention: what can be done to prevent the crisis from occurring in the first place; • Detection: what can be done to ensure timely detection of the crisis, and • Correction: what can be done to respond to, and recover from the crisis. © 2008 Cyberspace Virtual Services

  9. Business Continuity Plan • List the risks • List the corresponding impact on your business resources • Prioritise © 2008 Cyberspace Virtual Services

  10. Risk Summary For a typical small business the risks can be summarised under the headings: • Input risks • Your unavailability • Output risks (the reverse of input risks) • Other risks © 2008 Cyberspace Virtual Services

  11. Risk Assessment—Prioritisation • Probability, and • Impact © 2008 Cyberspace Virtual Services

  12. Risk Assessment—Prioritisation Probability © 2008 Cyberspace Virtual Services

  13. Risk Assessment—Prioritisation Impact © 2008 Cyberspace Virtual Services

  14. Calculation © 2008 Cyberspace Virtual Services

  15. Risk Mitigation Mitigation strategies focus on: • Recovery • Continuity • Delayed recovery • Hours • Days • Weeks • Cost effectiveness © 2008 Cyberspace Virtual Services

  16. Business Continuity Plan • Compile the plan • Test the plan • Revise the plan • Revisit the plan © 2008 Cyberspace Virtual Services

  17. Business Continuity Plan If there is time, I am available to answer any of your questions. In any event you can contact me by email at: info@virtualservices.com.au with “Business Continuity Plan” in the subject line. © 2008 Cyberspace Virtual Services

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