Question
A business continuity plan should be evaluated regularly. The frequency of evaluation can depend on various factors such as changes in business operations, market conditions, or after a business disruption has occurred. However, it is generally recommended to review and update the plan at least annually.
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It is important that your business continuation plan is reviewed and evaluated regularly. "I can't emphasize this enough – preparation is critical, and at moments like the present, planning is happening daily. Ultimately, it's all about coming out on top. Building relationships, having strategic discussions and developing clear messaging are key. It's also important to reframe and refocus your operations, marketing and sales strategy to fuel your revenue generation and cash flow during difficult times. For more information about business continuity planning, you can visit the Small Business Administration website or even SCORE's small business disaster preparedness resources," Elsey writes.
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