The concept of having backup and recovery makes sense to large firms but it is still not widely accepted by small and medium-sized companies. The need to ensure a business can continue to run after a natural disaster or other disruption to day-to-day operations should be addressed by all sizes of business. SMBs relate a Business Continuity Plan, which includes backup and recovery, to emergency response but they see no relevance to implement this in their own businesses.
The push from many larger companies to the SMBs plus the increase of government legislation is causing many smaller businesses to take a second look at what would happen should something occur to cause a disruption to operations.
One hurdle that SMBs are confronted with is time and money to invest in a recovery plan. Large firms invest heavily in improving their resilience to disasters. Often small business owners have limited resources with limited or no knowledge of where to even start with a continuity plan. They feel they are not in a position to develop a recovery plan to its full potential and so they don’t even start.
These obstacles lead to misconceptions about the importance of having policies and procedures in place which leads to SMBs making assumptions that their business can survive because this type of thing only happens to the larger companies. Unfortunately, this is the opposite of what usually happens. Upwards of 60% of businesses that have experienced some type of business interruption end up shutting down their business because of it. With the majority of companies being classified as a small to medium sized business, this is a problem.
The first thing SMBs should know is creating a data recovery plan does not need be time-consuming or labour intensive. With advice from experts, an SMB can create a recovery plan that is simple and straightforward. Often because of the size of their organizations, a Business Continuity Plan can be relatively uncomplicated. The best starting point is knowing that you need to start. Ask yourself these questions to being the process
1. What might be a worst case scenario that could lead to the bankruptcy of my company?
2. How much time would I have to recover from a business disruption?
3. What are the lifeline resources needed to run your company?
4. What types of disasters have companies similar to mine encountered?
5. Who could I trust to help me with a Business Continuity Plan?
Start researching the answers to these, and you will be on the right course to creating a Business Continuity Plan. Don’t be afraid to reach out if you get stuck or just don’t know the answer to a question. MicroAge IT Solutions can help you create a proactive plan that could mean the difference between dealing with the stress of a business disruption and closing your doors forever.