Small business contingency plan
Subscribe to Our Newsletter First Name. Official websites use. Custom written research papers proactive can help you mitigate risks before they cojtingency make sure to communicate your contingency plan to the team small business contingency plan who will small business contingency plan responsible for carrying them out if a risk does happen. To ensure small business contingency plan contingency planning process is as smooth as possible, watch out for common pitfalls, like:. Utilization of other owned or controlled facilities performing similar work is one option. Those functions or processes with the highest potential operational and financial impacts become priorities for restoration. What about risks that are high severity, but relatively low likelihood? Your email address will not be published. Losing a key employee? After all managers have completed their worksheets, information should be reviewed. The plan will include steps to take so your business can proceed with regular operations after the event has occurred.