Having an effective business continuity plan (BCP) can be the difference between surviving a crisis and facing irreversible consequences. But many business owners inadvertently commit errors when developing their BCP, which can jeopardize their business.
Small- and medium-sized businesses (SMBs) often operate with limited resources, making them particularly vulnerable to disruptions caused by unexpected events. While larger companies may have dedicated departments and resources to handle crises, SMBs often lack these luxuries.
Disasters can happen to anyone, and when they do, it can be difficult for small- or medium-sized businesses (SMB) to get back on their feet. Your business could be at risk if you’re not prepared for a natural disaster or an unexpected emergency. Here are a few tips to help keep your business afloat during tough times.
Where you store your company’s data backups is vital to the success of your business continuity strategy. There are various storage media to choose from, but if you value flexibility and convenience, then you should look no further than cloud storage.
Do you know why some small- to medium-sized businesses (SMBs) fail during the first five years of operation? Poor leadership is one reason, inadequate capital is another. Another possible cause is the lack of preparation for major disruptions like natural disasters and cyberattacks.
Many small- to medium-sized business (SMB) owners never expect a major crisis to hit their company and are often caught flat-footed when it does. Such events can cause downtime, which can lead to lost revenue and reduced profits. In addition, SMBs that fail to recover quickly from disruption face the risk of losing their customers to their competitors.