There is general agreement that making a disaster recovery plan is a crucial part of running a business. We post and remind business owners across the world, but there are still thousands that don’t take catastrophe planning seriously.
Most businesses protect their operations by insuring their vehicles, signing contracts with their suppliers, and training their employees on safety measures. The fact is that many people choose not to spend money on a plan for dealing with disasters, is worrying.
What plans do you have if something disastrous happens that wipes out all your company’s data, your hardware, or other resources? If you have a backup plan in place for your company, you won’t be caught off guard if you lose your data. Even if there are losses, they should be manageable, and you should be able to be back to normal in no time.
If you don’t have a disaster recovery plan, you might not get your business back to normal. If you don’t take the time to make a solid backup plan for your company, you may have to deal with the following issues down the road.
Severe Information Loss
Businesses can’t function without access to various forms of information. Your company’s data plays a role in many areas, including marketing, sales, and customer records. Your company could fail if your data was lost or destroyed.
Any business, no matter how large, can suffer after data loss. After losing data because of hacking or natural disasters, many companies have spent millions to get it back.
Disaster- A Disruption to your Business
Whether your business can keep running during and after a disaster depends on how well you’ve planned for it. Until you can get your company back on its feet, you will not be able to work and earn. The recovery process can take a long time if there is no catastrophe recovery plan.
Depending on the extent of the damage, you may have to start over in a different location or rebuild the old one. You will have much more difficulty getting back on your feet if you do not have a solid recovery strategy.
Drop in Sales
Even with loyal clients, it won’t be easy for them to stick around if they discover that a tragedy has affected your company. If they see you’re trying to recover and restore lost information, they may wait. But they will take their business elsewhere if they see you cannot restore it quickly.
Word of the breach may even spread, causing some customers to decide to leave, even if they weren’t directly affected. Potential new customers may have second thoughts about relying on your services.
High Investments
Recovering after a disaster can be costly, and it can be prohibitively so without one. Depending on the type of disaster, you may need new hardware to get things running, and any damaged or lost data may need to be re-encoded. During this phase of not recovering, you aren’t just losing a lot of money, but you are losing it quickly.
Disaster Recovery- Final Thoughts
Studies have found that 40 percent of SMBs do not have a disaster recovery plan. These are the corporations that stand little chance of recouping their disaster-related losses.
We are here to assist you in making your business disaster ready. Get in touch with us, and we’ll create a plan for dealing with disasters that will keep your business safe. If you want to test your Backup Disaster Knowledge, take our Free ebook.
