Preparedness for Growing Small-to-Medium Businesses (SMBs)
(50-500 Employees / 500-1000 Employees)
SMBs are expected to meet higher expectations in regards to standards, safety programs, and other requirements that they may not be aware of due to a lack of internal expertise in areas outside their core business. They’ve outgrown the training wheels and it is not acceptable to say “I didn’t know” to regulators, customers, or suppliers.
Preparedness / business continuity processes may be difficult to fully implement until leadership commits the staff and financial resources.
The organization may still believe incorrect assumptions such as “Our insurance will take care of everything after a disaster.”
Only 25% of SMBs have taken action to prepare for disasters and disruptions. The three-quarters of SMBs in the U.S. without any preparedness planning have between a 20-33% chance of surviving after a disaster.
As a business grows the mindset towards preparedness should also evolve:
Business continuity / preparedness should have a designated representative to manage the development of continuity planning or a business partner who can provide that expertise.
The focus for preparedness should expand beyond basic employee and customer safety to include planning for impacts from disasters on critical operations and company reputation.
Employee training should evolve beyond a one-and-done approach to a regular structure at least annually.
A documented Business Continuity Plan (BCP) should match company culture and requirements and show greater intent to safeguard employees and operations beyond minimum legal compliance.
Accinctus Solutions for SMBs:
- Development of an appropriately structured business continuity program based on the Accinctus ADAPTABLE© model including a Risk Assessment and Business Impact Analysis, an Emergency Action Plan (EAP), and a Business Continuity Plan (BCP) which should address mitigation and disaster recover (IT) considerations.
- Tailored employee preparedness and response team training integrated into your current employee training program.