A Business Continuity Plan, for those who are unfamiliar, is essentially a plan that establishes a variety of processes and protocols to be followed in case of a potential risk or threat to the operations and functionality of a business. It basically outlines an array of different strategies that enable a business to mitigate disaster in case of an unforeseen event and ensures that the assets of a business remain protected at all tiles and don’t end up taking damage that would end up hindering the functionality of the business in the long run.
Simply put, a Business Continuity Plan, or BCP, highlights all the major risks and threats that a business faces and, for each individual threat and risk, it provides a plan of action and strategy to be follow in case it ever ends up occurring. Considering the nature and use of a BCP, there’s no doubt that it can play a critical role in the survival of a business during troublesome times but, in spite of this, it’s actually something that not a lot of businesses take into account.
In this blog post, our goal is to shed some light on the variety of benefits of creating a Business Continuity Plan to elaborate why your business should consider creating one.
Without further ado, let’s get into the benefits of creating a Business Continuity Plan:
1: Swift Disaster Recovery
In case your business ever ends up facing a threat, having a BCP in place would allow it to recover from said threat incredibly quickly. One of the major highlights of a Business Continuity Plan is the fact that it provides an efficient plan-of-action that the personnel of a business can follow in order to recover from the disaster. With a BCP in place, you can be certain that your business will be able to thwart any threat it faces and will be able to get back up and running optimally in no time.
2: Gives Confidence to Customers
Developing a BCP is something that not only ensures the efficient and optimal operations of your business internally but, alongside this, it builds confidence in the outside world as well. If you have an effective Business Continuity Plan in place, you’ll be able to give your customers much more confidence because they’ll know that the business that they’re dealing with has made the necessary preparations to ensure that it remains functional at all times, even when faced with large-scale issues. This also helps attract more customers in the long-run.
3: Ensures Compliance with Industry Standards
In a lot of sectors, such as the financial one for instance, having a Business Continuity Plan is absolutely critical in order to comply with industry regulation. There have been a variety of instances in which business have been fined with massive funds due to their lack of a disaster recovery plan so, even if your business never ends up facing any actual threats, it’s still worthwhile to create a BCP in order to simply comply with industry standards.
4: Major Competitive Advantage
One thing that’s become especially evident in the past year is the fact that business that are prepared to deal with large-scale issues and disruptions through Business Continuity Plans will be far better off than those who aren’t when a major worldwide problem, such as last year’s pandemic, ends up hitting. We’ve seen a vast array of business sink over the past year simply due to the fact that they didn’t have a plan to follow in case of the disaster that struck and this is why a having BCP is a significant competitive edge over businesses that don’t have one.
5: Reduce Financial Damage
Of course, one of the most major this that any business takes in case of a disaster is a hit to their finances and, while taking this hit is almost inevitable in case of a sudden disaster, having a BCP can almost certainly reduce its impact. Even if your business isn’t able to completely nullify the financial damage, it’ll still be able to take it down by a considerable amount by having a Business Continuity Plan to follow.
With all this being said, it’s clearer now more than ever that a Business Continuity Plan has a vast array of benefits and should be a critical aspect of every single business that hopes for long-term survival. Fortunately, there are tools available through which a company or business can implement an effective BCP and Parallels RAS is one such tool.
Parallels RAS allows employees to go about their day-to-day tasks no matter where they are and what state their company is currently in so the use of Parallels RAS with a BCP is something that can help your business survive through even the darkest of times.
For those who’d like to implement Parallels RAS within their organization’s infrastructure, it’s absolutely worthwhile to consider utilizing Dolphin Computers to do so. We’re seasoned IT experts with years upon years of experience in the sector and will be more than happy to provide you with the service at a competitive price while also offering all the customer support you’ll need to ensure that you can set it up properly and don’t have to face any issues while using it.