Contingency Plan Template For A Small Business

Contingency Plan Template For A Small Business-59
Find out what a limited company accountant could do for you.Mortgages for limited company directors and contractors Are you self-employed and looking at getting a mortgage?If you don't have a risk management plan, spend time reviewing the managing risk section.

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For example if you run a restaurant, and have flooding, then there are certain actions you must take to get past the incident and try to get your business started again.

You must remember that every contingency plan will vary for each business and each type of disaster that could affect your business.

These workshops are open to both businesses and community organisations.

Find out more and register for a workshop This guide will walk you through twelve steps to help you develop your Business Continuity Plan.

What to do Identify what actions are required to get your business operational again. Categorising your actions will help prioritise your response in an emergency situation.

According to the publication, Good Security, Good Business, prepared by the Commonwealth Government (2008), these could be: Tip: Make checklists – this can help you work out the most important actions to take. Work out who is responsible for each action For each action you've identified, decide who in your business will be responsible for carrying out the task. Decide what other resources are needed Spend time to think about what other options you have available.

Organising your responses now will help you act fast in an emergency. When to action each response In relation to the risks you've identified, think about when you would undertake each response in an emergency.

Disruption could come in many forms – a major earthquake, flood, a prolonged power cut or even the sudden unavailability of you or a skilled member of your staff.

FINRA is providing a template as an optional guide to small introducing firms to assist them in fulfilling their need to create and maintain business continuity plans (BCPs) and emergency contact person lists under FINRA Rule 4370.

The template recognizes that many small introducing firms rely on parts of a clearing firm’s BCP for many of the mission critical functions of the introducing firm.


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