HomeBusinessWhy Your Business Needs a Disaster Recovery Plan

Why Your Business Needs a Disaster Recovery Plan

Date:

Related stories

Your business relies on applications, documents, and data to run. That means losing these things can be costly for your enterprise. For example, FEMA’s recent study suggests approximately 40-60% of small organizations may never reopen due to the effects of disasters. However, having a disaster recovery plan can protect your business. This guide explains why your business needs a disaster recovery plan, including:

  • Natural disasters
  • Human errors
  • Cybercrimes
  • Loss of clients
  • Loss of employees
  • Improved customer service

Natural Disasters

Natural disasters like floods, fires, and storms can cause permanent damage to your enterprise. If you don’t have a disaster recovery plan, it can be challenging to resume your operations. According to research, 80% of businesses never reopen after closure for over five days. Fortunately, a trusted IT company in Alexandria can help you get back on your feet through data recovery.

Human Errors

While you may expect accuracy from your employees, no one may be perfect. For example, issues like accidentally deleting a crucial document may occur to anyone. You may depend on training programs to reduce such errors, but the most effective way to save your business from data loss is regular data back-up.

Cyber Crimes

Cybercrime is increasing at a fast rate and affects many businesses. A ransomware or virus attack can jeopardize your data, leading your enterprise to cease operations. Closing your business for several days can result in a considerable profit loss. A reliable disaster recovery plan may safeguard your data against hacking attempts, enhancing its safety and accessibility.

Loss of Clients

Any business owner needs to understand the modern customer may not be patient. What do you expect your customers to do if they can’t get the necessary services from you due to a disaster? As you try to restore your systems, expect them to find better offers.

If this happens, it means you lose revenue while opening doors for your competitors. Unfortunately, this can have long-term impacts on your organization because some customers may never come back.

Loss of Employees

If your firm battles a data disaster, this can affect your employees. The experience can be frustrating as they have to handle the pressure to satisfy your unhappy clients. The data disaster may prevent them from using their email, phones, and software, reducing their motivation and self-esteem.

In the long-term, if your employees cannot work because of your company’s lack of disaster preparedness, they may decide to look for greener pastures. Remember, they need to make a living and support their families.

Improved Customer Service

Your business needs a disaster recovery plan to ensure continued service delivery to customers. You do not want to lose customers to your competitor because of shutting down your company or experiencing a prolonged interruption of services. The quicker you resume your operations after a disaster hits your firm, the happier your customers will be.

Conclusion

Any business can lose data and application access. If you run an enterprise, do not wait to act when it is too late. Consider having a disaster recovery plan to ensure data loss won’t cause significant issues within your business. It will restore your company’s data, providing a faster return to operations. Use this checklist to create a plan and protect your organization from various potential disasters.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories