Crossroads Blog
Business Continuity
Your employees, business partners, and customers all depend on you. Have you prepared your business to to meet this commitment in the event of a business disruption or natural disaster? If not, XRBS has a highly-qualified team of experts who can help you prepare a realistic and effective business continuity plan.
Surviving a Corporate Disaster
Most small- and medium-sized companies have put little effort into developing business continuity plans; in fact, only 1 in 10 U.S. companies have addressed this issue. However, regulatory bodies such as HIPAA, Sarbanes-Oxley, the Patriot Act and the Homeland Security Department all call for the development of business continuity plans for all businesses to. The goal is to ensure that companies will survive and continue critical operations when faced with events that could disrupt their businesses.
Crossroads Business Solutions can help you develop a business continuity plan (BCP) that will help you minimize downtime, remain operational and protect your revenue stream in the event of business interruption caused by:
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Technology Failures: Server crash, database corruption, lost Internet connection, phone system failure
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Theft & Data Loss: Office burglary, stolen or misplaced backup disk, laptop or computer theft, virus or hacker attack
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Natural Disaster: Fire, flood, earthquake, tornado
As a business owner or manager you need to understand the likelihood that these events can occur, the impact they'll have on your business and the strategies you'll need to put in place to remain operational.
To begin this process, we will help you answer questions such as:
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What are the specific risks my business faces?
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What is the best-case timeline to return to operations if one of those events were to occur?
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How do we stay operational while we’re recovering?
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How much risk or loss is my business willing or able to assume?
We'll help you understand the risks and create a viable, working and appropriate BCP for your particular risk profile. The BCP encourages managers to identify how to build recovery and continuity into existing procedures and processes to create the right balance for your organization.
Business Continuity: Supply Chain Contingency Planning
It is critical that you also familiarize yourself with your your critical suppliers' business continuity plans. Will they be able to serve you if they have a serious business interruption event?
In today's unsettled business markets, you should have a contingency plan for each Tier 1 supplier so you don't become collateral damage if they have a business interruption event that puts them out of business—whether it be temporary or permanent.