Real Italian business plan template victoria the original Abbadessa family recipes. Use only the best quality meats, cheeses and breads. What Is a Business Contingency Plan? What Is the Importance of Contingency Planning in Strategy Evaluation Results?
Many businesses do not even consider a contingency plan or realize the option exists and is a sound practice. Creating a plan is most often overlooked or forgotten when times are good and business is booming. Unfortunately, it does not take much to completely turn things around. Contingency planning is the process of building a procedure to prepare for the absolute worst. When things go wrong, the plan is there to salvage your business and provide an opportunity to get things back on track again. Most contingency situations are out of your control, and in many cases cannot be seen coming in advance. For example, a business located in a hurricane zone should add flood insurance and hurricane damage recovery to its plan.