Tip 84: Develop a crisis management plan

Tip 84

Developing a crisis management plan is an absolute in order to make sure your business is in a position to mitigate any possible risk and to make sure that the business can operate and flow accordingly when unexpected events happen. Taking the steps to address this involves understanding what potential threats can cause a possible operations disruption. This can be a natural disaster, cyberattacks or any other significant issue that can affect your business. Once all scenarios are identified, a business should then take the steps to detail all necessary protocols to be able to handle each case. This needs to be outlined to the point that they’re specific individuals assigned to be responsible for setting the plan in place so the business can still function while the interruption is happening.

A crisis management plan needs to specify guidelines for recovery and have ETAs available that can offer when the business can return to full normal operation. In order to set a state of readiness, employees need awareness and training to be able to be equipped to deal with a crisis if it comes into play. The plan also should be reviewed periodically to make sure all steps and assignments are current. There can be cases that tweaks are needed or that an employee may no longer work for the business so you want to have an active individual in place. Having a plan that is ready to implement can greatly help a business react quickly, minimize impact and protect the business from any substantial loss if possible.


Recent Small Business Daily Tips


Post Comment