Wealth counsel – How to develop business disaster recovery plan

Wealth counsel – According to the Institute for Business and Home Safety, an estimated 25% of businesses do not reopen after a disaster strikes. Businesses can avoid being a part of this statistic by planning ahead and preparing for an emergency before it strikes, says wealth counsel expert.

Elements of Disaster Recovery Plan

One of the first steps in wealth counsel is to develop a business disaster recovery plan by identifying the potential emergencies the business could experience. From hurricanes to floods, disaster can disrupt the daily business and having a plan in place for each instance can help minimize the stress when an emergency strikes.

Use the list of possible disasters to generate a plan for each situation. Create and post an evacuation plan for all employees and customers to follow should disaster strike. Hold occasional evacuation drills to help employees understand what to do in an emergency situation.

Keep an updated list with emergency phone numbers and all emergency contact information for all employees. Consider providing CPR training to employees as well.

Put together a list of all inventory and equipment used by the business. Keep a copy of the list at an offsite location. Identify an alternate working location if the current business office is not accessible or no longer usable. Can employees work from home? Is there another business location that can take over some of the business daily responsibilities should disaster strike? Does the business utilize an IT server in a different physical location than the main office?

Take the time to document all the processes that keep the business running. From answering the phones to shipping product each day, make a comprehensive list of all the daily activities the business undergoes. Keep an electronic or printed copy of the procedures at an off-site location. Regularly back up computer records and files. Keep the data storage tapes at an off-site secure, yet accessible location.

According to wealth counsel professional, frequently review the insurance coverage the business has. Make sure the coverage is adequate. Research the costs associated business interruption insurance that reimburses the business in case the business is disrupted due to a disaster. Business interruption insurance can help cover the costs for payroll, suppliers, hiring temporary workers, renting equipment and restoring lost data.

Create an Emergency Supply Kit

Another component of a disaster recovery plan is to have a supply kit available to all employees should disaster strike, adds wealth counsel expert. A supply kit should include water, food, flashlights, radio, batteries, first aid kit, plastic bags, tarps, gloves and blankets.

Wealth counsel expert further suggests to take the time to create a disaster recovery plan and review the plan throughout the year. Being properly prepared for an emergency can minimize the impact on the business should disaster strike.

Disaster Recovery Planning Tips

Disaster data recovery plans are critical to the success of any DR plan. Practicing what to do in the event of an emergency, sharing information about database disaster recovery plans and updating disaster recovery tools can help ensure a business DR plan will work.

Tip #1: Role play disaster data recovery possibilities with employees. Create scenarios for employees that force them to think about what they would do if a hurricane hit and eliminated the office; a fiber optic line was accidentally cut, severing all communications in town; or if they’re victimized by a burglar. Encourage employees to be creative in their reactions, offering prizes for the best disaster data recovery ideas.

Tip #2: Share information about a database disaster recovery solutions and plans with others in a business network. This isn’t the time to be paranoid about competitors. Network with other business leaders in the community at trade association or chamber of commerce meetings to find out what they have planned for database disaster recovery strategies. Suggest that a trade association or chamber do a seminar on business continuity planning, with guest speakers who specialize in database disaster recovery solutions.

Tip #3: Share disaster recovery tools and procedures with other business owners. In addition to sharing information with other business leaders, CEOs and owners should discuss the possibility of helping each other out with shared disaster recovery tools, plans and strategies. The exchange of effort during a catastrophe might be small (helping to communicate updates through voicemail) or large (allowing use of company equipment).

Tip #4: Update the disaster recovery solutions and training plan twice a year. Update disaster recovery solutions and strategies twice annually with new information, changes and ideas. Some of the best business continuity plans go up in smoke during a disaster simply because they’re so outdated. Use the time set aside for updates to ensure all employees are familiar with disaster recovery solutions and procedures. Encourage employees to offer up more scenarios and more ideas for updates to the original disaster data recovery plan.

Tip #5: Utilize professional database disaster recovery services for training, tools and strategies. Finally, consider contracting with a disaster recovery services provider to outline the company strategy and plan. They’re pros, and they can help companies with everything from brainstorming business continuity plans to outlining disaster recovery tools and training. Many disaster recovery services providers operate on a sliding scale, working with large and small businesses.

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Author: knowledge herald

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