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Q: 12 The US Small Business Administration estimates that women formed businesses as men during the 1990s?
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What is a business continuity plan?

A Business Continuity Plan is a well developed plan and program of a business or organization dedicated to continuing critical processes of a business during a time of crisis. For example, a manufacturing plant might create a business continuity plan to keep a specific manufacturing process line going after a disaster has occurred such as an earthquake or a terrorist attack. In some cases, emergency relocation may be required and business continuity plan will address these issues before the issues actually require action. Businesses and organizations must plan for continuity of services otherwise a crisis could result in the loss of revenue of profit which could lead to a multitude of cascading problems including job loss and even complete closure of the company due to the significant losses. Businesses interested in continuity planning should first develop a continuity planning team consisting of leaders for each department as well as subject matter experts for each department and process of the business. Next, businesses should conduct a risk and hazard assessment on each critical process of the business to determine what could create stoppage of the process during a crisis. It doesn't stop at just planning, either. Business continuity cannot be successful unless the business frequently exercises and enhances the business continuity program and plan. I hope this answer was helpful.


Which were other lucrative businesses that developed in the North during the 1800?

Flour,meal,pork,ans whiskey from the farms


What were other lucrative businesses that developed in the North during the 1800s?

The shipping of products, such as flour, meal, pork, and whiskey from farms


Is Washington Mutual still in business or did it fail during the housing crash?

Washington Mutual is still in business although a lot of people are not happy with them or the way they do business. They have filed for bankruptcy but are still doing business.


The Legal Aspects of a Business Plan?

For anyone looking to start a new business, a proper business plan is essential to success. A business plan spells out the fundamental goals for the company and the methods by which they will be achieved. It is the core document that gives founders a road map for the future, something that is vitally important given the inherent riskiness of any business enterprise. The business plan will be used inside the company in order to provide a blueprint for building the enterprise. A properly written business plan will describe all aspects of the business, including its product line, production costs, advertising and marketing strategies and, perhaps most importantly of all, its legal obligations and risks. This last item will be particularly important for any business that may be subject to significant litigation risks during its existence. It is during this phase that business owners will need to consider the legal structure of the business, which can have profound implications down the road. Generally speaking, the entrepreneur must decide between a sole proprietorship, a partnership or a corporation. In making this decision, the business owner must balance simplicity, cost and ultimate liability to make a sound legal and business decision. The business plan will also be used to obtain outside financing from banks, venture capitalists and other financial institutions. Most young businesses do not have much of a track record, which can make it difficult to get loans and lines of credit. In the absence of such experience, a business plan can give bankers an idea of your financial position and your future prospects. All business plans will include a section describing the market in which a business is entering, the competition the company is likely to face and the amount of market share the business is likely to take. With these estimates in hand, a business can create projected financial statements that will predict future revenues and profits. These numbers will be used to determine the company's suitability for investment. This will also give the business owner vital information concerning the viability of the company itself. Although all business plans are ultimately just a best guess by the entrepreneur and subject to revision, it is very important to make the best estimates possible given the information available. Not only will this increase the likelihood of success, it will reduce your possible legal risks in the future. If a business owner were to give banks a knowingly misleading view of a company's financial prospects in order to obtain funding, it could potentially be held liable for fraud. Any successful business needs to have plan in order to properly execute its strategy while avoiding potential pitfalls along the way. By developing a sound business plan, a company can maximize its potential for success.

Related questions

Native American population during Jefferson's Administration?

There are only rough estimates of those populations during that time, and vary widely: 8 ~ 140 Million.


What was the relationship between government and business during the great depression?

There were no government incentives for businesses.


What led to government regulation of businesses during the gilded age?

unfair business practices


How many businesses failed during 2008-2010?

business failed 2008-2010


What is the effect of favor-seeking business-people and corrupt politicians?

The effect of favor-seeking business-people and corrupt politicians can lead to unfair advantages for certain individuals or companies, a lack of transparency in decision-making processes, and a weakening of public trust in institutions. This behavior can also hinder economic growth, stifle competition, and perpetuate inequality in society.


What aided population growth in southern states during the 1970?

The shift of business to the south


What months is business closed in Europe?

Businesses in Europe are open during all 12 months of the year.


What describes the U.S. economy during Calvin Coolidge's administration?

There was a great deal of prosperity as businesses grew, but some people still struggled financially


What best describes the economy during Calvin Coolidge's administration?

There was a great deal of prosperity as businesses grew, but some people still struggled financially


What describes the US economy during Calvin Coolidge's administration?

There was a great deal of prosperity as businesses grew, but some people still struggled financially.


What best describes the US economy during Calvin Coolidge's administration?

There was a great deal of prosperity as businesses grew, but some people still struggled financially.


How did African Americans respond to business who wouldn't serve them during segregation?

They started their own businesses to serve their community. APEX