Business Continuity Plan and Disaster Recovery: Small Business

This report examines the critical aspects of business continuity planning and disaster recovery, specifically tailored for small "Mom & Pop" type businesses. It addresses the financial challenges these businesses face, emphasizing the importance of bootstrapping and prudent financial management to secure funding. The report highlights the difficulties small businesses encounter in a competitive online marketplace, including marketing issues and the need for effective search engine optimization. It also underscores the challenges related to hiring skilled professionals and the reluctance of business leaders to invest in risk-mitigating strategies. Furthermore, the report explores how business continuity planning provides opportunities to streamline operations and improve business processes. The report uses references from various sources to support its findings.

Running head: BUSINESS CONTINUITY PLAN AND DISASTER RECOVERY PLAN
Business Continuity plan and Disaster Recovery Plan
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2BUSINESS CONTINUITY PLAN AND DISASTER RECOVERY PLAN
Table of Contents
Is BC planning within their financial ability to perform and options does a small business have? 3
Reference List..................................................................................................................................5

3BUSINESS CONTINUITY PLAN AND DISASTER RECOVERY PLAN
Is BC planning within their financial ability to perform and options does a small business
have?
Small business owners need some form of capital to continue with the business as it
refers to the money that finances the business. Funding is important and especially in case of
small type, business firms (Sahut & Peris-Ortiz, 2014). Bootstrapping is one of the ways that
should be adopted by small business owner to come up with additional funding. The small
business owner should plan for ways to reduce expenses and use retained earnings or profits to
grow in the business premises. Successful small business owners need to give their employees
the tools, training as well as sufficient time for accomplishing their tasks and meeting goals of
the company. Proper business planning will help small business owners to manage finances to
pay daily expenses for attainment of future goals as well as objectives of small type business
enterprise. This study deals with explaining the issues that are faced by small “Mom & Pop” type
business. In this particular assignment, proper emphasis has been given on whether BC planning
has the ability to elaborate on the various options that are made available to the small business
owners (Storey, 2016). Several million small business owners show interest in starting up new
business plan. The current segment properly explain how small business owners have to face
difficulty in setting up any new business venture and finding ways so that they can compete with
Multinational Corporation. There are several issues faced by small Mom & Pop type business.
The main issue is to attract customer who will pay for the product or services. With the
emergence of internet, small business had been hampered as online marketplace is highly
competitive and it is tough to stand out in the crowd. The small business owner faces marketing
issue, as they have to look for several rules, regulations and best practices of search engine

4BUSINESS CONTINUITY PLAN AND DISASTER RECOVERY PLAN
optimization. Small business type owners do not have enough resources to devote to social
media as well as search engine optimization and website content development. Financing is the
challenge faced by these small business owners. These small business owners could not afford to
hire search engine optimization writers, so they have to know how to write this content all by
themselves. Huge cost is needed for hiring efficient and talented professionals who will be
dedicated towards working hard to become true asset of the small type business “Mom & Pop”
types (Blackburn, Hart & Wainwright, 2013).
The bottom line is that it is very difficult to get business leaders who show interest to
spend money as well as resources on BC planning and implement risk-mitigating strategies at the
same time. It had become easier over past decades but challenges remain the same. In addition,
the soft global economy over past 5 years had shown dramatic impact on company’s willingness
as well as ability to invest on BC solutions (Smallbone, Welter & Ateljevic, 2014). BC Planning
provides an opportunity for these Mom & Pop types business to evaluate as well as improve its
business processes. BC planning help in discovering new ways for streamlining operations in the
most appropriate way.

5BUSINESS CONTINUITY PLAN AND DISASTER RECOVERY PLAN
Reference List
Blackburn, R. A., Hart, M., & Wainwright, T. (2013). Small business performance: business,
strategy and owner-manager characteristics. Journal of small business and enterprise
development, 20(1), 8-27. (Accessed from:
http://www.emeraldinsight.com/doi/abs/10.1108/14626001311298394)
Sahut, J. M., & Peris-Ortiz, M. (2014). Small business, innovation, and entrepreneurship. Small
Business Economics, 42(4), 663-668. (Accessed from:
https://link.springer.com/article/10.1007/s11187-013-9521-9)
Smallbone, D., Welter, F., & Ateljevic, J. (2014). Entrepreneurship in emerging market
economies: Contemporary issues and perspectives. International Small Business
Journal, 32(2), 113-116. (Accessed from:
http://journals.sagepub.com/doi/abs/10.1177/0266242613511479)
Storey, D. J. (2016). Understanding the small business sector. Routledge. (Accessed from:
https://books.google.co.in/books?
hl=en&lr=&id=B263DAAAQBAJ&oi=fnd&pg=PP1&dq=Storey,+D.+J.+(2016).
+Understanding+the+small+business+sector.
+Routledge.&ots=Qa8GSMWm8w&sig=_R-ZsVCH5RjKn4BAEYg2wMuAHmM)