At what time you should invoke a business continuity plan is one of the most important stages in the
the business life of any entrepreneur.

A Business Continuity Plan is defined by Investopedia as an arrangement put in place to prevent and
recover from potential risk to your business.

There are various risks that a business might be prone to. Risks might include cyber-attacks, floods, client
retention, fire, or other natural disasters. It might as well include what and where you invest profit. As
soon as you can identify those risks, the next step is:

1. Determine the effect of those risks on your business.
2. Come up with a strategy to mitigate the risks.
3. Determine how effective is the strategy.
4. Keep the process up to date.

Distinguishing a Disaster Recovery Plan from a Business Continuity Plan, the former might involve, for
example, the recovery of the organization’s IT framework after a crisis. The latter involves how to
keep a business going when a disaster happens.

Many businesses do not know when to invoke a Business Continuity Plan. Each business will have
different requirements for and when to put into place a BCP, based on their level of risk. A risk that
will affect profitability and revenue must be surveyed in advance so the business is not affected
suddenly. It is needed because Insurance has a limit to the losses it can cover.

Thus, business owners and investors must consider and develop a strategy around business threats and invoke a continuity
plan.

You must plan and analyze risk properly to know whether such is of the magnitude
that requires invoking your Business Continuity plan.

References

• https://itchronicles.com/business-continuity-planning-a-guide-to-create-an-effective-bcp/
• https://www.itweb.co.za/content/kxA9POvNLGVMo4J8
• https://www.techadvisory.org/2015/12/when-should-you-invoke-your-bcp/
• https://www.investopedia.com/terms/b/business-continuity-planning.asp#:~:text=Business%20continuity%20planning%20is%20typically,IT%20system%20after%20a%20crisis
• https://www.continuitycentral.com/index.php/news/business-continuity-news/704-invoking-your-business-continuity-plan-six-decision-points