STEP ONE: Start with a list of all the hazards your business might face
Security: Theft, vandalism, cyber attack, fraud, sabotage Infrastructure: Fire, hazardous materials, power outage, loss of utilities Operational: Supply chain, transportation, IT and telecommunications disruptions Severe Weather: Flooding, tornado, hail, windstorm, lightning Personal: Pandemic, loss of staff, labour action
STEP TWO: Create an inventory of critical business assets and processes
What things are essential to keeping your business running?
STEP THREE: Develop a Risk Analysis for your business
Imagine how each hazard might affect the items on your business inventory.
STEP FOUR: Develop a Business Impact Assessment
Assess each risk and imagine how they could potentially affect your ability to continue operating as well as
the financial impact for your business.
Potential impacts on your business could be:
Loss of services (power, water, gas and communications);
Damage to building, parking facilities and neighbouring buildings;
Loss of important files and critical business data;
Damage to inventory and equipment;
Damage to employee homes, school closures and to roads or transportation networks;