Be Ready Utah: Creating a continuity plan for your business
May 17, 2023, 3:08 PM
(AP Photo/Nam Y. Huh)
SALT LAKE CITY — As Utah continues in a state of emergency for flood risk, Utah businesses are facing an unexpected threat.
According to Be Ready Utah, 40% to 60% of businesses without a continuity plan never reopen after a disaster.
Be Ready Utah Outreach Specialist James Ray spoke to Dave and Dujanovic about continuity plans and how they help businesses.
Ray said a continuity plan looks at what things are essential to a business and asks, “What are we gonna do if that essential function stops working or fails or is no longer available in some form?”
If a business doesn’t have its essential functions, they stop making the money they need to stay open.
To avoid that, Ray said, business owners should ask, “What do I need to do to stay afloat and to keep my finances intact?”
Businesses should consider things like infrastructure, protecting important documents, insurance, and cybersecurity when making a continuity plan, Ray said.
Be Ready Utah has resources for businesses to help them prepare for the unknown.
Listen to the full Dave and Dujanovic segment: