Sme Business Continuity

Small and medium-sized enterprises tend to get ignored when talking about business continuity planning. The planning is more prosaic. The challenges are fewer. And most importantly, their budgets are smaller.

But of course, the same principles that apply to large businesses also apply to the small ones. We at Oppello are an IT consultancy that specialises in looking after small to medium sized businesses. And business continuity planning is a must for companies of all sizes. A small firm that loses all its data will go out of business, just as surely as a larger one.

If anything smaller firms become more vulnerable to crises because larger companies are geographically more diverse – knocking out your operations in say Edinburgh is not as business critical when your offices in London can take some of the overload.

A few years ago business continuity planning was only regularly undertaken by the larger corporations, nowadays SMEs are more than likely to make some kind of preparation. Part of the problem, however, is that smaller companies are typically less aware of the correct procedures than larger firms where systems have been developed.

Initial IT audit

Frequently we’ll find small companies that have thought about continuity issues but not implemented them fully, On our initial audit we’ll find, for example, that IT back-ups have indeed been taken. But the tapes are sitting next to the computer and the coffee cups! It’s frightening too the number of times you find that checking the tapes has not gone on – the procedures have never been tested.

Increasing sophistication

But with the growing awareness of the need for business continuity, smaller firms are starting to get more sophisticated and this kind of situation should soon start to become less and less frequent. Also one encouraging trend for smaller firms looking for business continuity support is that there are a greater number of support firms operating in this space and charging a price that is affordable. And size can sometimes be an advantage too. Large companies are often entrenched in old technologies and methodologies. One advantage that smaller companies have over larger companies is that they are able to respond and embrace new technologies more quickly Depending on the size of a business, support for business continuity planning can be brought in-house. Typically, a company with around 30 computers and a couple of servers could keep an IT specialist – as a full member of staff – busy for most of a week.

Other potential weaknesses

However, that can cause problems too. IT specialists are valuable commodities and tend to move around considerably. Also there remains the constant questions over how the company ensures that the business runs as normal when the IT expert is on holiday or sick.

The great thing about business continuity is that – irrespective of the size of your business – you can go a long way to devising a plan simply by getting your senior staff to think through the issues.

Watch the video related to business continuity audit

Burton Asset Management CEO, Kevin Burton, reviews the BAM BC/DR Methodology, and discusses how the deliverables provided with the Methodology stand up to any audit to which a company might be subject. Mr. Burton has developed this methodology to help inform the thinking of businesses of all sizes that are struggling with Business Continuity / Disaster Recovery preparedness. This event was recorded live, February 29th, 2008, at Mastro’s Steak House in Costa Mesa, CA. The event was hosted and …

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2 Responses to “Sme Business Continuity”

  1. WPMixer says:

    Hi! Amazing video! I got your message last June 15 and i didnt read it before, I was browsing my mail, then I saw your message that I just read today! So i discovered this video! Amazing! :D 5 stars!!

  2. stree12 says:

    The question does not mention whether you are performing an audit of the company's financial statements or of operations.

    As an auditor of the financial statements (probably an external audit), you are responsible for the accurate presentation of the financials, so pre-paid insurance would be more important.

    As an auditor of operations (as an external audit or internal audit), you are responsible for the effectiveness and efficiency of operations, as well as compliance. Adequacy of insurance would be more important because of its impact to operations. In addition, Company contracts/agreements/leases may require specific levels of insurance.

    This all ties back to the general COSO objectives of: Reporting, Operations, & Compliance.

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