What is business continuity and why is it important?
Business continuity is about the ability of an SMB (small-medium sized business) to recover easily and quickly from a major disruptive event or disaster with little or no loss of time or money. This can be accomplished by having a plan in place, along with technology, that is set up to deal with a disaster or setback so effectively that it results in very little impact on your company.
No matter the type of business, no company is immune to these types of potential events:
- Natural disasters such as lightning strikes, floods, or blizzards
- Cyber-attacks, ransomware, and viruses
- Hardware and data backup fails
Events like these happen to businesses every day. The harsh reality is, some of them survive and others never recover. What makes the difference? Working with a reliable, experienced consultant that can help you mitigate damages and lost time by implementing a disaster recovery plan before disaster strikes.
The sobering facts:
How common are such events for SMB’s? A lot more common than you think. Latest stats indicate that:
20% of small to medium-sized businesses will experience a major disaster that causes loss of critical data about every five years (Source: Richmond House Group).
75% of small businesses do not have a disaster plan in place, but 52% say it would take at least three months to recover (Source: Nationwide Mutual Insurance Company (survey).
And a significant number of businesses do not recover at all:
Only 25% of small businesses that close due to a major disaster reopen again (Source: Institute for Business & Home Safety).
The business continuity solution
So what is a business to do? Your best option: Leave it to the experts. An experienced managed service provider (MSP) can make sure that business continuity is a reality at your company. How? Instituting a disaster recovery plan using the latest technology to ensure prevention and quick recovery. A multi-layered, comprehensive approach, incorporating proper data backup, proactive 24/7 monitoring and creating customized, strategic solutions is key.
Endecom has been helping businesses survive disasters and thrive under all conditions for years. Could your company benefit from a recovery plan established by a team of experienced experts? Give the professionals at Endecom Business IT Solutions a call at 860-266-7900, or contact us via our web form.