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Developing a Contingency Plan

Developing a Contingency Plan

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Ah, an unexpected event! The Achilles heel of business plans. It could be anything from a fire or flood, to a break-in or even a cyberattack. But whatever it is, it has the power to wreak havoc on even the best business plans, and cause damage all round, too.

In business, any event that causes serious damage or disruption could spell disaster – financial or physical losses, and damaged reputations. But you can guard against these problems with a good contingency plan. Contingency planning is like your business’s safety blanket. If something goes wrong, a good plan could be the difference between triumph and disaster.

By the end of this course, you’ll be able to:

• Recognize the need for a contingency plan
• Define what makes a good contingency plan
• Identify the steps needed to develop your own contingency plan

Why take this course?

For business leaders, this course will demonstrate why having a good contingency plan is vital. In addition, it’ll explain what makes a contingency plan good. And by using the steps laid out in this course, you’ll be able to develop your own watertight contingency plan to make sure your business stays afloat, whatever happens.

10 mins | SCORM | Workbook
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