BE READY UTAH

Be Ready Utah: Creating a continuity plan for your business

May 17, 2023, 3:08 PM

a store window with multiple closed signs on it, business continuity plans help prevent closures...

A woman looks at signs at a store closed in Niles, Ill., Wednesday, May 13, 2020. (AP Photo/Nam Y. Huh)

(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:

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Be Ready Utah: Creating a continuity plan for your business