Nevertheless, templates still make planning easier, as well as, save a lot of money. They are less expensive alternatives to actually hiring professionals to make planning business work. An individual can choose from the many types of available business plan templates. Aside from appealing designs, the suitability of the plan template to his business must also be taken into consideration. In other words, if his business is about crafts, then, a business template for baking will clearly not work. Similarly, if the operating system of his computer is Windows, he should select a template that is compatible with Microsoft Word or Microsoft Excel. Then, standard business plan templates typically have parts that need filling up. They are mostly about ratios of operation, marketing and strategy plans, cash flow statements, and balance sheets. In addition, executive summaries are extremely vital. And these may seem really difficult for individuals who have never transacted any business in the past. Fortunately, business plan templates will efficiently guide these individuals through each document.
IT Business Continuity. Business Continuity refers to an organization's ability to keep vital business operations running at or near normal capacities in the event of infrastructure failure. These failures can be caused by human errors, power failures, application errors and a host of others that impact the ability of the infrastructure to properly support the organization. When speaking of Business Continuity the majority of the infrastructure remains in place and functional which is in contrast to Disaster Recovery.