Small businesses often don’t spend enough time considering a business continuity plan. Assuming that hackers must have bigger fish to fry, they continue to rely on backup tapes that they store in a closet in what they hope is a fire- and water-proof safe.
If this sounds familiar, you aren’t alone. For small- to mid-size businesses, the investment in the reliable backup of data is critical. If it’s been a while since you’ve considered your business continuity plan, there are new, affordable tools available.
Whether you’re hit with a natural disaster, malware or a lengthy power outage, the general rule is that the smaller the business, the more likely it is to experience a failure unless there is a reliable solution that can be executed quickly. You may be prepared for a short-term or minor problem, but you may not have the plan in place for a significant disaster.
Consider seasonality: If you’re a retail store and rely heavily on the income that you pull in between October and January, or if you’re a tax accountant that makes 75% of your income during the months of February to April, you need a business continuity plan that acknowledges seasonality. You need a faster response during your busy season, or you could lose enough revenue and customers to sink your company.
Key questions: There are some questions you should ask yourself to ensure your business continuity plan matches your business goals:
· Is your business able to bounce back after a power outage of a few hours? What if that outage lasted days? How about weeks? Evaluate the cost of one hour of downtime to help you determine how long you could withstand an outage.
· Are your systems safe in your location, or should you consider investing in a cloud backup solution?
· What is the impact of hidden costs, such as loss of reputation or negative public relations?
Invest in data recovery and data backup: Consider not only your data storage but also the ease with which you can retrieve the data and restart operations. If you pair cloud storage with backup and a replication plan, you can quickly restore your data. You also reduce your risk of data loss because your data is stored on-site.
A disaster recovery managed service provider can provide information on how quickly you can expect restoration following an outage. While an in-house data backup can be destroyed, a cloud solution ensures that all data is quickly retrievable. Depending on the managed service provider, your recovery time can vary, but most ensure recovery within minutes up to a few days.
If you need help creating a business continuity plan from scratch, or if you’re interested in selecting a cloud backup solution, contact us at Cory Communications. We can help ensure your business is protected in the event of any type of disaster imaginable.