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Why You Need A Risk Management & Business Continuity Plan — And How To Create It

If we would have asked you in 2019 if you thought you or your company could be successful in a remote work environment, what would you have said?

According to an article in the Wall Street Journal, the perceptions of remote work have – and continue to – shift. When one company surveyed employers across the United States in June 2020, 73 percent of people labeled working from home successful. In January 2021, that percentage had gone up to 83.

The article also notes that another company let their employers decide on the work “persona” they wanted to embody. Around 64 percent of their 1,400 employees chose a more flexible schedule and 35 percent chose to work remotely.

In March of 2020, most employees were suddenly starting the work day from their kitchen tables and makeshift desk while downloading apps like Zoom and Microsoft Teams.

Although some teams work best in an in-person environment — such as schools and gyms — many people are learning that they also thrive in a remote environment. 

Hello, lunch-break walks and mid-day grocery runs.

At BELAY, we have been successful for many years working remotely, and we want to share some tips and tricks to continue to guide you in the navigation of pivoting teams.


Risk Management & Business Continuity Plan

The purpose of a risk management plan is to identify possible risks to your business in order to reduce the impact. 

When things become out of your control, such as a worldwide pandemic, how do you keep your business running? There are clients, partners, and employees that depend on you and are looking to you for what to do first.

This is your emergency game plan.

It explains to your team and those impacted what your plans and next steps are in keeping the business up and running. You’ll use this to identify your risks, and craft ways to minimize or eliminate those risks.

The ultimate goal of the plan is to inform your entire organization of what would happen if something out of your control were to ever happen. It explains to everyone how they will continue to provide the same service on their respective teams, that everyone will continue to get paid, and that your organization will continue to thrive.

It’s all about being prepared. It’s about thinking ahead on what can go wrong and how you and your organization can be prepared. 


Get Started: Risk Management & Business Continuity Plan Checklist

We’ve compiled a short list of what is important for you to identify that you can do and provide: 

  1. Identify, Minimize, or Eliminate Risks
  2. Identify Who Is Responsible For What
  3. Determine And Plan Your Recovery Contingencies
  4. Create A Crisis Communication Plan
  5. Prepare A Risk Management Plan

After you’ve begun to conquer this list and make plans on how to complete it, you’re on your way to a great start — congratulations! 

We believe in you and know that you can do this successfully. 

Your employees will love it. They will have an ease in knowing that you are prepared for whatever may come your way, and working remotely will also give them flexibility in their work-life balance and their self-care, and it will improve their love of their job.