Business Continuity Planning BCP – The Show Must Go On


Business Continuity Planning prepares an organization for the internal interruptions like power failure, technical problems - and external threats like natural calamities, supply chain problems and more.BCP ensure that your organization has the backup of both hard and soft assets to prevent or recover from a crisis situation. It allows you to continuously deliver your products or services even under adverse conditions.Vital steps of BCPExpect the UnexpectedYour business can get interrupted from a number of possible scenarios. Downtime resulting from natural calamities, like hurricane, fire or flood, or from internal issues like power outage, hardware failure, or any kind of human error, leads to decreased productivity and hence loss to the revenue.While a CEO develops his disaster recovery strategy in advance, he should consider all possible downtime and disaster scenarios and should chalk out preventive measures for each.For example, there should be a fire alarm system in the building along with sprinklers and other fire fighting equipments.

There should be a timely checking and maintenance of the equipment to make sure they are working fine.Conduct a Business Impact AnalysisBusiness impact analysis will help you develop the action plan you need to follow at the time of any structural or natural disaster. It involves three steps:You should know about your key product and services that bring you highest these particular product and services, you should decide the duration you can stop delivering them.Identify your critical inputs so that you can continue to offer your products and services.Educate Your Manpower About BCPBeing the CEO of the company, you should ensure all your employees are aware of Business Continuity Planning. They should know exactly how to act in any kind of crisis situation. For example, conduct regular training sessions on BCP for your employees.

Organize fire drills on fortnightly or monthly basis to help your staff stay proactive.If you are running an IT company, maintain a reliable data storage system and encourage your staff to store the data in that system in order to prevent loss of data due to any technical problem.Plan to Keep Your Manpower, Systems, and Information interconnectedThe business continuity plans and strategies must cover information , systems hardware and software, manpower, and processes, operations and services along with their connectivity with each other. If the connectivity between workforce, and systems & data disrupts, there will be no business.As part of thought and planning process, you should look for the best strategy to manage critical systems and components during bad times.Be Ready With Continuity StrategiesYou can continue to run your business effectively after disruption, if you give some forethought and develop efficient continuity strategies. These strategies may include:Review Your PlanThe needs of business keep on changing with the market. Review your business continuity plan every six months and make the necessary changes. Keep an extra copy of the plan at some other site.You can also seek assistance in developing business continuity planning at executive business coaching. At CEO coaching, you will get to meet like-minded professionals from non-competitive organization who will share their good and bad business experiences.Knowledge sharing at a CEO peer group will help you define your strategies in a better way so that the show goes on in any condition.

A Corporate Image is All in The Eye of The Beholder


For a company which is nearly 30 years old and which has over 30,000 employees spread across the globe, it is a source of continual interest to see how the organisation is perceived by both its staff and clients around the world.Founded in 1983, Marcus Evans is one of the world's leading providers of business intelligence events and global summits. As a company which is in regular contact with top business leaders in every continent, it is vital that it constantly monitors its image.It therefore makes a point of searching for all relevant reviews whether they be from staff or client companies. These comments are generally favourable with Richmond Fiduciary Group, for example, observing that the quality of delegates at Marcus Evans events is very high and that the events themselves are very professionally organized and meet the expectations of most business powerhouses. Meanwhile, Siemens has detected a pleasant but professional working ambience within the company which is a reflection of a satisfied workforce performing well.Indeed, the company's employees seem to be, by and large, a pretty happy bunch even though their remuneration structure is highly related to performance.

Only a relatively small proportion of employees work on the actual planning and organisation of conferences, with the rest busy on the phones detailing forthcoming events and selling delegate places.The end result is that successful employees can earn substantial sums and are more than happy to speak and write about their employer in glowing terms. By contrast, any negative comment from employees past and present is usually attributable to the fact that those individuals, for whatever reason, simply could not hack the work and put enough bums on seats. There is nothing worse that jealousy of one's more successful colleagues and you can imagine a number of failed employees taking it out on the company itself. Not many people are prepared to admit their own shortcomings.From an employer's perspective employee mental health should also be important.

A Kansas State University researcher says employers should be concerned about the well-being of their employees because it could be the underlying factor to success."The benefits of a psychologically well work force are quite consequential to employers, especially so in our highly troubled economic environment," Wright said. "Simply put, psychologically well employees are better performers. Since higher employee performance is inextricably tied to an organization's bottom line, employee well-being can play a key role in establishing a competitive advantage."

Disregarding Need of Business Plans


Many owners are in habit of preferring research reports instead of making strategic business plans. In this, dozens of pages are written about the market, competition, SWOT analysis, financial projections, etc. but the projections do not help in getting funds from the markets or attract any new businesses. They do not guarantee results. So is it of any use?Any incomplete plan is good for nothing. It must cover at least the major three area without which it will be of nil use. Or even the ultimate power will lead to lesser results.

The first thing it should contain is sound strategic foundation which sets vision and goals for the business. Secondly, it identifies the set of priorities that's helps to make strategic foundation a reality. Finally, all the elements are put together for action and accountability plan detailing what is to be done by whom and when to finish those set goals.Some impatient businessmen try to jump directly into strategic business plans or skip any of these elements in between. The result will definitely leads to ambiguous flow of plan in an unnatural way loosing all consistent strategic vision.

A strategic business plan holds a different prospective from a plan whose goal is to lift money from investors or lenders. For answers to investors you need to look into what are your opportunities and what is your management's ability to take benefit of those opportunities. You need to look into your sources to execute plans effectively. Also one need to consider facts that will persuade investors of your risks in which they are investing.So a business plan for investors is what able to take advantage of the opportunity in order to seek significant rewards for everyone involved. Business plan is what keeps all strategies on track. It should only be designed to help you achieve your numbers. Do only what you can achieve. Failures will only de-grade your reputation and goodwill in the market. Set targets that you can achieve and accept projects that you can complete. Passion is small gateway to reach targets of success but desperation will lead to losses.

Verification Methods for Business Plan Companies


Many articles keep talking about how important it is to be sure of a business plan company without engaging in business with them. All of them emphasize the importance of proper verification, but none of them shed any light on the methods. It is important for business plan companies to contribute to such verification. Once a client is sure that the plan writing company in question is trustworthy and reliable, it will open many doors for the firm.For those who are looking for some good ways to evaluate their shortlisted companies, here are some good verification methods and evaluation criteria.Going Through The Companies BackgroundThis activity need not be restricted to finding out how old the company is.

Actually, there should be clarity on how this activity will help you. Make a list of things that would become clearer with this verification step before heading towards its execution. A background verification should ideally give, at least, the below mentioned information:??? How long the company has been in business???? Is it a formally registered firm???? Are there any complaints regarding the company in the past? Were any of them really serious???? During its course of business, what are the successful and popular business plans created by them???? Go through the list of clients. Make note of clients in the same vicinity, in case you want to get a feedback directly.??? Find out the kind of reputation the firm and its owners enjoy in the market.??? If available, see a few business plan samples.??? Go through the list of best plan writing companies, reviews, and client testimonials for the plan writing company.Visiting The Physical Office - This can be a casual visit, but if your intention is to find out about the company, you need to be very attentive and observant. Business plan companies with only a virtual presence are not completely credible.

Worst part is that it is not easy to ensure credibility. When you visit the physical office, make sure you do the following:??? Meet the management team. Most of them make a very good impression, but there are rare chances when you can smell something foul. Just keep your eyes and ears open.??? Go through their work portfolio. Try to strike a discussion regarding the plans that you find impressive.??? Meet the planning team. They are the ones who will be writing your plan. Talk to them to gauge their level of expertise and experience in the corporate world and plan writing business industry.Hire a Private InvestigatorThis stage should actually never arise. If there is a company that needs to be verified till this level, it is difficult to trust the firm anyway. Still, if you wish to hire a professional to give you the details about the credibility of the firm, a few things that should be included in the report that you receive are:??? Bank Verification??? Direct Client Testimonials??? A Clean Chit From Any Major ScamsThe number of business plan companies is increasing day by day. Do not work with unprofessional and amateur firms. Your plan is very critical. Do not take chances with your choice of the planning firm.