Key successful business plan

Location and Facilities optional 1. Company Overview There are many variations and approaches on how to lay out the various components of a business plan. The primer below is meant only to explain the broad differences between the most common company types. So for example, if you sell someone a cupcake and they sue you because they found a hair in it, and you lose in court, the creditors can legally go after your personal possessions — such as the roof over your head.

Key successful business plan

Responsibility[ edit ] The management of business continuity falls largely within the sphere of quality management and risk managementwith some cross-over into related fields such as governanceinformation security and compliance. Risk management is an important tool for business continuity as it provides a structured way to identify the sources of business disruption and assess their probability and harm.

It is expected that all business functions, operations, supplies, systems, relationships, etc. Business Impact Analysis is the generally accepted risk management term for the process of determining the relative importance or criticality of those elements, and in turn drives the priorities, planning, preparations and other business continuity management activities.

If there is no business continuity plan implemented and the organization in question is facing a rather severe threat or disruption that may lead to bankruptcy, the implementation and outcome, if not too late, may strengthen the organization's survival and its continuity of business activities.

These standards ensure that proven methods and concepts for business continuity are used.

key successful business plan

As with many quality management standards though, the primary task of identifying relevant potential disasters, making plans for evacuation, buying spare machines and servers, performing backups and bringing them off-site, assigning responsibility, performing drills, educating employees and being vigilant cannot be replaced by adherence to standards.

As such, commitment by management to see business continuity as an important topic and assign people to work on it, remains the most important step in establishing business continuity.

Several business continuity standards have been published by various standards bodies: It is formal in style in order to facilitate compliance auditing and certification.

National Fire Protection Association: It too was withdrawn in when it was in effect replaced by ISO It also involves 1 assessment of the probable effect of such events, 2 development of recovery strategies and plans, and 3 maintenance of their readiness through personnel training and plan testing.

See also business impact analysis Policies[ edit ] Policies are those things mandated by the management of an organization that will always be performed according to a preset design plan, and supporting all business functions within an organization.

key successful business plan

Business impact analysis BIA [ edit ] The entire concept of business continuity is based on the identification of all business functions within an organization, and then assigning a level of importance to each business function.

A business impact analysis is the primary tool for gathering this information and assigning criticality, recovery point objectives, and recovery time objectives, and is therefore part of the basic foundation of business continuity.

The BIA can be used to identify extent and timescale of the impact on different levels of an organization. For instance it can examine the effect of disruption on operational, functional and strategic activities of an organization.

Not only the current activities but the effect of disruption on major business changes, introducing new product or services for example, can be determined by BIA.

Most standards require that a business impact analysis should be reviewed at defined intervals appropriate for each organization and whenever any of the following occur: Significant changes in the internal business process, location or technology Significant changes in the external business environment — such as market or regulatory change [3] Document management[ edit ] In large information technology environments, personnel turnover is inevitable and must be planned as part of business continuity.

What is an Operational Plan?

The solution to the problems associated with turnover, is complete and up-to- date documentation. This ensures that new personnel will have the information they need to quickly become knowledgeable and productive with respect to the business functions they are tasked to support.

This also implies that business function related documentation is largely generated rather than written from existing systems and managed in an automated manner. This brings a level of stability to the business functions by requiring the support personnel to document and coordinate proposed changes to the underlying systems.

As this process becomes more and more automated, the emphasis will be less upon personnel control, and more upon regulatory compliance. Audit management[ edit ] One of the most costly and time-consuming aspects of information technology management is dealing with auditors. One of the goals of business continuity is data center automationwhich includes audit management.

All modern business functions should be designed with the concept of automatically generating the requisite audit compliance information and documentation as part of conducting day-to-day business.Here are the key elements of a winning business plan.

Start Slideshow. Write a Winning Business Plan With These 8 Key Elements. Executive summary. Business continuity is the planning and preparation of a company to make sure it overcomes serious incidents or disasters and resumes its normal operations within a reasonably short period.

This concept includes the following key elements: [citation needed] Resilience: critical business functions and the supporting infrastructure are designed in such a way that they are materially unaffected.

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Key Components of an Operational Plan Are Th General Operating Procedures, Human Resources, Insurance, and Working Capital Requirements of the Business.

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