Unplanned events can have a devastating impact on the investment sector. The extremity of an incident has a varying effect on the ability to continue with business operations that are vital to the success of your firm, as normal. In worst case scenarios, major business disruptions have led to loses in revenue, reputation, investor backing, clients and even going out of business altogether.
Therefore, the importance of planning for possible crises cannot be stressed enough if businesses are to survive. With good planning, firms can take steps to minimize the potential impact of an unplanned event such as a fire, natural disaster, technology outage, or a global pandemic as we have seen in 2020.