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Resiliency continues to be an essential part of daily life for many individuals and corporations. What we may not fully realize, though, is that resiliency is crucial for a business to thrive and continue achieving long-term success. Resiliency can not only help a company get through market turmoil and natural disasters events but it can also help set up a system that works during those more difficult times. Understanding how resiliency investments can enhance business continuity will help a business learn how to implement it over time properly. 

Determines The Biggest Risks To The Business
One of the biggest advantages of incorporating resilience investment into your business is that it can help determine the most significant risks and vulnerabilities that your corporation may be exposed to. When businesses have a strong understanding of most critical risks, it gives them the ability to establish contingency plans, and risk avoidance measures to reduce the risks from disrupting business operations. If there risk cannot be avoided, resiliency ensure that the overall corporation can absorb the shock effectively and bounce back quickly. By building an internal culture of resiliency, you ensure that  your leadership team can respond to problem solving quickly and efficiently. 

Prevents Major Problems From Impacting The Business
A significant advantage of determining the biggest risk to your business early is that you have the opportunity to prevent substantial problems from negatively impacting the company in the future. While it may not seem worthwhile to allocate resources and plan for low probability events, it could prevent significant business damage and losses. Additionally, it can help streamline risk management and emergency response operations and providing the operational baseline on how your business responds to similar risk down the road. 

Reexamine Your Business Model Consistently
Once a strong plan is in place for your business, continue to reexamine it on a regular basis. This is important for a few reasons that could impact responding to potential risk. To begin, it can ensure that your efforts still make the most sense and are going to be the most impactful way to respond to emerging business continuity disruptions. Additionally, it can help determine if your efforts should be adjusted during those trying times. For example, if a new piece of technology is released that can automate a process, it is worth examining if it is worth adding to your own business plan. You will be able to make any necessary changes without completely revamping your strategy and how you respond to problems. 

Building resiliency means allocating resources to ensure that companies are proactively focused on prevention. While prevention is cost effective and pays-off, you do not have to pay more for prevention.