A Study on How a Business Continuity Plan Will Protect the Most Important Interest of a Business Essay

In todays world businesses are facing an unprecedented amount of exposure to a variety risks both natural and man-made, that could leave their business susceptible to extreme losses of both property and financial losses. In order to combat such potential for risk, it is critical that businesses have continuity plans in place. A 2012 Travelers Insurance study found that 48 of small businesses are operating without any type of business continuity plan, yet 95 percent indicated they felt they were prepared (Why is Business Continuity Important?, 2014). This statistic is alarming as it shows how nave many business owners are about the potential for disaster striking their businesses. The benefits of a proper continuity plan are many, including the protection of data critical to operations, minimizing downtime during a catastrophic event, and minimizing health and safety issues for the businesses employees. In this essay I will assess exactly how a business continuity plan will protect the most valuable interests for a business.One of the most important assets of any business is the data, both physical and digital, that the company has generated throughout their time of operations. This data might include financial records, product designs, employee information, etc. Often times such data is critical to the operations of the business. By instituting a business continuity plan you put in place a plan to preserve and backup such data to ensure that it is safe in the event of a catastrophe. One of the primary objectives of any business continuity plan is to identify data that is critical to the operation of the company, and put in place processes that describe what methods the data will be backed up, and how often such backups will take place. If for no other reason, this reason alone should push you to begin making business continuity plans for your company.Any business owner knows that the most important resource we have is time. Time is money, is a well known...

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