Business Continuity Planning

Business Continuity Planning

Business Continuity Planning is about recognising the risks to your business that is constantly present and relate to your business's nature and conduct.

Business continuity planning benefits:

  • reduce risks to your business
  • improve your business survival ability
  • protect business viability

Goddards Accountants can help you to develop an effective and integrated set of Business Continuity and Disaster Recovery Plans .

For more information including how to book a free half hour consultation contact us today on 020 8941 2187.

BENEFITS:

  • Reduce risks to your business
  • Improve survival ability
  • Protect business viability

ACTIONS:

  • Risk Analysis - identifying potential business risks
  • Risk Reduction - take action to eliminate, reduce and mitigate business risks

Key To Successful Business Continuity Planning:

Risk Analysis & Risk Reduction

Risk Analysis is a process of identifying potential risks, assessing their likely impact on the business and defining the maximum downtimes for different circumstances that can be sustained by the business.

Risk Reduction is a process of taking action to eliminate, reduce and mitigate business risks, and recognising the residual risk that has to be carried by the Company (for which the Disaster Recovery Plan is required).

Typical areas of risk include:

  • Loss of key employees
  • Failure of supply from key suppliers
  • Breakdown of critical processes
  • Loss of key markets
  • Compliance failures
  • Competitive threats
  • Technological obsolescence

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