WSN - Business Continuity

Consider This

Statistics show that 93% of businesses who lose access to their data center for 10 days or more filed for bankruptcy within one year.

Power outages, hacker attacks, fires, floods, theft, viruses and terrorist attacks are all very real scenarios which can have a severe negative impact on businesses if not planned for appropriately. Too often executives underestimate the potential damage an instance like this can have on their business until it is too late. Take a moment to consider the consequences should you lose access to your business records for a day, a week, a month or if you were to incur permanent data loss.

Fortunately, with proper planning, forward-looking companies can pick up the pieces quickly from a disaster and be up and running within minutes or hours versus days or weeks. This proactive behavior can mean the difference between a successful business and going out of business.

How well is your company prepared for a disaster?

Additional interesting statistics:
*Source - Aveco and the London Chamber of Commerce

20% of all companies will suffer from a disaster while in business. Of those without a business continuity plan:

80% will fail within 3 months
43% will never re-open

53% of claimants never recoup the losses incurred by a disaster
Less than 50% of organizations have a business continuity plan

Relevance

Would you go skydiving if your parachute did not have a backup? The same question can be applied to your business; would you let your business continue to grow without having a business continuity plan in case disaster strikes?

What’s interesting is that preparing for a disaster recovery scenario is not nearly as difficult as establishing and maintaining a successful business. It requires proper planning and perhaps a technology purchase, but once a reliable system is in place, employees can rest easy knowing that a business continuity structure exists.

There are plenty of challenges that companies must overcome to stay competitive in their respective market. A dependable business continuity plan allows you to focus your efforts on growing your business and overcoming these challenges without worrying about unforeseeable circumstances.

Advantages

Aside from ensuring that your business will continue to operate after a disaster, there are various other advantages of implementing a reliable disaster recovery plan. Those include:

	Peace of mind to both employees and clients
	Assurance that your files are secure and can be restored should they be damaged during a disaster
	Minimal downtime after a disaster
	Long term cost savings

Action Plan

There are a number of ways to ensure that your business will not suffer from a disaster. Engage Wall Street Network today and learn how to best prepare for these improbable, yet disastrous situations.