Business
Continuity Planning (BCP) is part of the risk management of companies built for
endurance and resilience. It involves brainstorming and preparing for any
threats, and setting up plans for before, during, and after disasters. You
often get accountants who get their own finances in a mess. Actuaries who don’t
have adequate insurance. Handymen whose own house is falling apart. Therapists
who don’t look after their own mental health. The problem with 5 days a week of
work, and only 28 days of leave a year, is getting your own house in order. A
key part of BCP is key man risk. A good company shouldn’t be dependent on any
individual. Unfortunately, lots of individuals are very dependent on the companies
they work for. And more energy goes into thinking about the threats to the
business than the threats of depending on that business. No sustainably good
business would have just one client, or just one employee. Yet we structure
society on individuals depending on a single stream of income.
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