It's a fact of life: disasters happen. But while some businesses are lucky enough to weather the storm, others are not so fortunate. In many cases, the difference between bouncing back and shutting down for good is a well-executed disaster recovery plan (DRP).
Unfortunately, far too many companies make the mistake of either not having a DRP at all or having a plan that is sorely lacking in key areas.
As a small-business owner, you know that data is everything. It’s what drives your company and keeps it running. So if something happens to your data — whether it’s the result of a natural disaster, a cyberattack, or an accident — you could be in big trouble.
Businesses rely on data for everything, from operations to marketing to human resources. So it’s no surprise that data loss can be a huge blow to a company and, in some cases, even lead to bankruptcy. That’s why it’s crucial for all organizations, especially small- and mid-sized businesses (SMBs), to have a data backup plan in place.
Disaster can strike at any time, without warning. A natural calamity, a power outage, a hacking incident, or human error can all lead to data loss and business interruption. In order to minimize the damage and get your business back up and running as quickly as possible, you need to have disaster recovery measures in place.
A power outage that causes significant disruptions is every business owner’s worst nightmare — no lights, no computers, and no way to conduct business. It can happen anytime, anywhere, and often without warning. That’s why it’s important to have a power outage business continuity plan in place so you can keep your business running smoothly, no matter what.
Technology has radically transformed the way we live and work, so much so that almost everything we do is dependent on it. We rely on IT even more in the workplace, with nearly every industry utilizing technology to simplify and streamline business operations.
Considering the wide variety of threats that businesses face today, it may be surprising to learn that many aren’t prepared for business-affecting emergencies or disasters. Unfortunately, it’s true: a study on business responses to the COVID-19 outbreak found that 51% of organizations worldwide do not have a business continuity plan.
No matter how successful a business is, there are always unknown threats around the corner. Things like natural disasters, cyberattacks, and system failures can occur at any time, and may result in massive data losses, extended periods of downtime, and reputational damage.
Smart leadership is characterized by practical foresight, especially with regards to disasters and other events that are disruptive to business operations. Companies that stay longer in the game are the ones that weather the storms. They’re the ones who have carefully planned and allocated their resources for difficult situations.
Power outages, disasters and other disruptions happen. And thousands of businesses around the globe are affected by them every year, with lost profits ranging into the millions, if not billions. So how can your business protect itself and stay open when the unexpected strikes? Here are five common business continuity strategies that many companies rely […]