Disaster Recovery Plans: Do You Have One?
Disaster Recovery Plans: Do You Have One? Disaster recovery and business continuity plans are issues that almost all small businesses fail to think about. More frequently, they decide they haven't the resources to address such "unthinkables." If your business was down for 1-2 days or more, what costs would you incur? Lost revenues and lost productivity. These are obvious. You won't make the money that you would have if you remained open. This is especially true if you provide a service. Services are inherently tied to time, and time cannot be re-created. Sure, you can work extra hours next week, but it won't be a service provided at the time it was expected. However, even if you provide a product that can be purchased next week instead of today, a customer didn't get it when they most wanted or needed it. There are other far more serious consequences of business downtime than just unsold goods and services. There are the intangibles that