7 Shocking Disaster Recovery Stats for Small Business Owners
For many small business owners, formulating a disaster recovery plan is one of those all-important tasks that gets put on the back burner. We know — it sounds just about as fun as going to the dentist or looking into life insurance policies. Sure, there are disaster recovery books and websites you can reference, and even templates you can find online. But how do you know if your plan is as comprehensive and current as it needs to be? And who wants to think about calamities that may necessitate data recovery like floods, fires, tornadoes, snowstorms, hurricanes, equipment failure and terrorism? We here at Frontier IT in Colorado Springs review seven shocking statistics about disaster recovery that small business owners must see — no matter how unpleasant they are.
- Nearly 40% of small businesses close after a disaster, according to the Federal Emergency Management Agency.
- 75% of small businesses do not have a disaster recovery plan in place, according to a 2015 survey of 500 small business owners conducted by Nationwide.
- 52% of small businesses say it would take at least three months to recovery from a disaster, according to the same survey.
- Only 18% of companies surveyed that have fewer than 50 employees have a disaster recovery plan, according to the same survey.
- 51% of the hundreds of businesses surveyed for the 2014 Disaster Recovery Preparedness Benchmark Survey received a failing grade when it came to disaster recovery preparedness.
- 60% of respondents surveyed for the same report said that in spite of their best efforts, their disaster recovery plans were not useful during their during their worst events.
- Only 25% of businesses that close due to a major disaster ever reopen, according to the Institute for Business & Home Safety.
Feeling a bit unsettled? We get it. What should you do next? For most small and mid-sized business owners, outsourcing disaster recovery planning to a managed service provider (MSP) is the smartest move. MSPs like Frontier IT provide services such as consulting, disaster recovery planning, help-desk support, and server and network monitoring to small and mid-sized businesses in an à la carte fashion.
Outsourcing your disaster recovery planning to an MSP is an efficient move. An expert can complete this task far more quickly than someone who doesn’t specialize in IT. What’s more, moving this task off your plate frees you to focus on the things you excel at. Outsourcing also ensures that your disaster recovery plan is optimized, economical, of the highest quality and kept current.
If your business is in need of a disaster recovery plan — or if your disaster recovery plan needs a face lift — drop us a line here. We can virtually eliminate your business’ data-loss risk.
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