Why is a Contingency Plan Important for Business?

[Suba]

A contingency plan is a document that contains strategies to anticipate and respond to unexpected emergencies that may disrupt business/company operations. A contingency plan also contains steps/actions that must be taken to address any emergency, including procedures that must be followed by all managers and employees.

 

[Springtime]

It is important to have a contingency plan for a business. There are uncertainties in the business world. The business owner should prepare for the worst.

 

[Augusta]

Emergencies might arise anytime in business so I think it is good to have these plans in place to help you cushion the effects of any unexpected situation or event

 

[eLdavis]

When it comes to running a business, no matter how much you plan for it, anything can go wrong at any time. This is why it is very important to have a plan for the business just in case things do not go as planned.

 

[King Belieal]

A contingency plan is very necessary in business in case the worst ever imagined thing happens to the business, the business would stay afloat.

 

[Augusta]

The truth is the life is unpredictable and anything can happen at any given time. So it is for a business person to known this and he prepared for such times

 

[Niyi Br]

There is nothing that is assured in business. That's why a contingency plan is always very important to deal with the uncertainties.

 

[Augusta]

There is nothing that is assured in business. That's why a contingency plan is always very important to deal with the uncertainties.

Yeah the unexpected can happen at any time it is up to one to fix things with the backup plan