Disaster Readiness For Small And Medium Business
A study from 2011 by Symantec reported that most businesses don’t have a disaster plan in place. In fact, 41% said that it never even occurred to them to have one and about the same number said that a disaster plan wasn’t a priority. Other studies have reported that the median cost of downtime for a small business is over $12,500 per day. Less than half back up data on a weekly basis and only 23% back up daily. Other businesses reported their disaster plans were in place but had never been tested.
So how would your business fare with more than one day away, with no current data, or a disaster plan that just didn’t work?
Other information that may spur you into action: Of those companies with no plan in place 43% will never reopen and only 29% of them remain open after two years.
There are other resources available to advise and recommend steps to take to get ready.
So get ready for a disaster. Because it probably will happen. And even if you think you’re prepared, you may be surprised. Dan Simon, president of Cognito, a marketing and PR firm, has a great article on the Forbes website about what was done right and wrong during Hurricane Sandy.