Business Continuity and Contingency Planning

The Qur’an when dwelling on the story of Joseph’s exile in the Land of Egypt states how he was vested with the responsibility of managing the storehouses of grain and he ensured that during seven difficult lean years there was no food shortage among so vast a nation as the Egyptians. This is one of the best examples of Forecasting and Business Continuity Planning in the Quran. This story teaches us the importance of forecasting our business considering natural growth with all things being equal.

Another lesson we can learn from this is to prepare for contingencies where we should keep money aside in liquid assets while keeping in mind that only very few businesses can generate positive cash flow month in month out.