What's business continuity planning?

Business continuity is the plans put in place by a business to make sure it could continue to trade if the unexpected happened.

To make sure the business can continue, the owners - who may be key to the business themselves - need to consider if their business:

• could continue to trade or would suffer financially if it lost an employee who was key to the business
• would have the necessary cash flow to replace any loss of profit or repay any outstanding loans, including directors’ loan