Contingency Planning vs Disaster Recovery

In the past 8 weeks, the world has been at a standstill. In these unprecedented times, two topics are buzzing in the business world, "contingency & disaster recovery planning." 
"Due to this unfortunate pandemic, it has exposed a weakness in many startups and even well established small business models."
Fortunately, our clients over the past decade knew how important these two plans are to the sustainability of their businesses. Let me explain why it’s important to you...
Design By Its Your Media
Disaster Recovery Plan
involves a set of policies, tools, and procedures to enable the recovery for continuation infrastructure and systems following a natural or human-induced disaster. So you’re prepared if and when they arrive. Most businesses have some form of “Disaster Recovery” based on insurance policies but fail plan execution with tools & procedures to recover.

Contingency Plan is a proactive business continuity strategy, different from a crisis management plan, which is a reaction to something that happened. Contingency planning is risk management for those disruptive events or exceptional disasters, though unlikely, would have catastrophic consequences. It contains multiple disaster recovery plans. It’s the reason Contingency plans are often devised by governments or enterprise businesses for sustainability during uncertain times

Bottom Line... Disaster recovery focuses on the systems supporting critical business functions, as opposed to the Contingency Plan (a part of the business continuity process), which involves keeping all essential aspects of a business functioning despite significant disruptive events.

My Professional Opinion...If you haven’t done these plans by now, get started immediately! Especially businesses who’ve been hard hit by this pandemic! If you need assistance, my team at Venture Concept Group can get you back on track. Set your complimentary consultation today.

ALSO CALLING ALL: 
Giga economy, Freelancers, & Independent Professionals these style plans applies to you! Connect with me if your interested in a learning more about our “Solopreneur Contingency & Disaster Recovery Planning”

Comments

Do you have a Disaster Recovery Plan for your business?
* If so tell me how you plan to use it?
* If not give me the reason why you don’t have one?
Do you have a Contingency Plan for your business?
* If so tell me how you plan to use it?
* If not, give me the reason why you don’t have one?

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