There are already established procedures that you can refer to on websites and even templates that you can find online. But how do you know if it will really be effective and if it will really allow your business to get back up and running quickly, with minimal damage? No one is interested in thinking about disasters that may require partial or complete data recovery such as floods, fires, tornadoes, snowstorms, hurricanes, equipment failure and terrorism? But with recent events, we realize that no one is safe, and just like a will, this emergency plan is an indispensable tool. According to information technology experts at Frontier IT in Colorado Springs, here are seven shocking statistics on disaster recovery that small business owners need to consider:
- According to a 2015 survey of 500 small business owners conducted by Nationwide, 70% of small businesses do not have a disaster recovery plan.
- 52% of small businesses say it would take at least three months to recover from a disaster, according to the same survey.
- Only 18% of businesses surveyed that have fewer than 50 employees have a disaster recovery plan, according to the same survey.
- Nearly 40% of small businesses close after a disaster, according to the Federal Emergency Management Agency.
- 51% of the hundreds of companies surveyed for the 2014 Disaster Preparedness Benchmark Survey received a failing grade in disaster preparedness.