As business owners in 2022, we are well aware that unforeseen events can

As business owners in 2022, we are well aware that unforeseen events can happen at any moment. Therefore, we have to always be ready for anything that is to come because unexpected events are the ones that have the biggest impact on businesses.

We would want to share with you the 4 essential phases of Business Continuity Management BCM that you should know

1 Analyze
A thorough analysis of the current shareholding structures, risks of business continuity especially cash flow and operating expenses current organization charts. These are vital information that will play a big part in the case when the business is enduring critical situations.

2 Develop
Develop a strategy plan based on the findings. The strategic plan must be able to safeguard the company from unforeseen event, such as if something were to happen to the shareholders or critical operations crisis such as staff management or machinery issues as these events will affect the profitability of the business.

3 Implement
Implement the strategy based on practical solutions and safety precautions. It is necessary to receive training on the key elements of BCM policy. Everyone needs to be hands on and committed to safely recover if anything were to happen.

4 Maintain and Review
The policy should always be updated and followed at all times in order to stay afloat in these hard times.

At BBS, our mission is to provide you the most comprehensive Business Continuity Management solutions to ensure your businesss sustainability. Reach out to us today and get a free preliminary consultation service from our experienced advisors.
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