Whether you’re a small business or a growing public company, your investors are most concerned about two things: profitability, and risk management. While businesses predominantly focus on the first, a disaster recovery plan is the best long-term strategy for keeping your brand in place and your company growing.
And as companies rely more and more on technology and stored data to operate, most of that risk is centered around data recovery and electronic failure. Mitigate those risks by forming a plan in advance. Here’s how:
- Find both the most likely and the most critical risks. A power outage that knocks out local data storage for the day might be relatively unlikely. Additionally, a small enough risk to your overall business. But a storm that floods your office space and ruins your local servers is improbable as it is devastating to your business. Find, document, and assess these risks so you can effectively answer them.
- Create backup procedures for your data. Most of your critical information might already be online through SaaS like Salesforce or Oracle. However, make sure all of your information is backed up securely in the cloud. Then, your employees can access it during any potential disasters in your physical office space. Thus, so no data is lost. Each department should have a dedicated online portal for their information and critical categories. These include financial records and your company’s tax history, employee information, legal documents specifying entity ownership, and copies of procedures such as your disaster recovery plan.
Not only can disaster strike at any time, investors need to know that you’re reliable and planning for the future. Start to build and implement your long-term disaster recovery plan by dedicating a team to assessing risks. Then, start to store business-critical information with Bluwater Technologies.
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