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Accinctus - Preparedness for Small-to-Medium Business (SMBs)

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Preparedness for Small-to-Medium Business (SMBs)

Preparedness for Growing Small-to-Medium Businesses (SMBs)
(50-500 Employees / 500-1000 Employees)

 

Challenges: 

  • 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.

 

Recommendations:
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: 

  1. 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.
  2. Tailored employee preparedness and response team training integrated into your current employee training program.

 


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