Disaster Recovery Planning presentation by the SBA”
Disaster Recovery Planning is a critical component that is required by every small business. Without one the chances of survival are slim. The SBA/Dell Strategies for Growth series presents interviews with successful entrepreneurs and experts who know how to grow a small business. Real stories and topic-specific advice will help you decide if your business is ready to grow. What does it take to be a successful entrepreneur?
Disasters Happen — Business Continuity Disaster Recovery
How do you balance the business continuity disaster recovery risk and investment equation? Is the potential risk greater than the investment? The facts are:
- 43% of companies experiencing disasters never reopen, and 29% close within two years.
- 93% of businesses that lost their data center for10 days went bankrupt within one year.
- 40% of all companies that experience a major disaster will go out of business if they cannot gain access to their data within 24 hours.