Natural disasters can be detrimental to your business. Many small businesses are not able to recover from major disasters. That is because they are often t prepared to tackle them. However, with the help of a proper disaster recovery plan, your small business can quickly rise back from such a situation. The only bit of problem is that most small business owners do not pay attention to creating a disaster recovery plan.
With today’s technology, it is easy and inexpensive for you to create a disaster recovery plan. Your business can be up and running in no time. However, people underestimate the importance of such a plan. That is why; today we will highlight 5 benefits of a disaster recovery plan for a small business.
Jump to your favourite topic
Advantages of creating a small business disaster recovery plan:
1. Limits loss of revenue
In times of disaster, the downtime can lead to loss of income. The longer your business stays disrupted, the higher will be the revenue loss. Without a proper plan to follow, it can even take a long time for the business owner to recover the business. However, if you have a disaster recovery plan ready to follow, it can be easy for you to resume regular business practices.
When you resume standard business practices soon, the loss of revenue will also be on the lower side. You can retain your current clients as well. Since it will be regular business, and you can bill your clients and the loss of revenue will significantly reduce. It is one of the main reasons why you should always have a disaster recovery plan.
2. Continuity of critical business processes
Depending on the product or service that you offer, there will always be a few vital processes in your business. With the help of the disaster recovery plan, it is easy to keep these critical processes running. The entire disaster recovery plan will revolve around getting these processes back up and running as soon as possible. Many such processes often help you in creating redundant systems. With the help of redundant systems, it is easy to resume critical business processes.
Once the critical processes are up and running, you can resume your business. Moreover, if you have a few remote employees, you can transfer the control over to them to keep the critical business processes running. All this can be automated with a recovery plan. So that; you can be sure that the disruption will be minimal.
3. Keeping your reputation intact
The business thrives on clean reputation. Your reputation can easily take a hit when you suffer from a disaster. That is why; it is your responsibility to ensure that the damage to the reputation of your business is pretty minimal. You can take quite a few steps to achieve this. These include:
- You can set up automated communication with your clients in emergencies.
- You can update the clients regarding the current status in real-time.
- You can easily set up emergency chat-bots on your website to help out your clients.
- You can use your social media channels to provide updates to your clients.
Your main aim during such a time should be to keep in touch with your customers. Many of these communication lines can be automated, as well. The activation of these communication lines in times of an emergency can be automated. You can easily integrate these communication lines with your business so that you can communicate with your clients regularly. When that happens, it is easy to retain not only your clients but also your reputation.
4. Knowing who is in control
Many disaster recovery plans rely on hierarchy. It is tough to establish authority and chain of command at the time of an emergency. You do not even know which employees have access to the systems in a crisis. However, if the hierarchy and chain of command are decided in advance, each employee will know they are all in an emergency. As a result, the employees were able to take control of business processes and can do so in no time. It means that the regular business will resume at a much faster pace.
With the help of proper hierarchy, customers will be able to at least access essential services and products. It means that the disruption on the customer side is pretty minimal. Creating a proper hierarchy and chain of command is a time-consuming process. It needs to be decided in advance. It is an essential part of the disaster recovery plan, so, you can quickly formulate it while creating one.
5. Fast recovery
When there is a proper plan in place, the recovery can systematically take place. Every day that your business is still disrupted, you will lose revenue. If you start from scratch and first try to create a plan after the emergency, it can take a long time. On the other hand, when a plan is ready, it is comparatively easy for you to follow the plan. You can take a step-by-step approach which will ensure that you can recover your business quite safely. Some of the steps of such a plan include:
- Checking the functionality of the system
- Checking your functional resources
- Troubleshooting the systems
- Getting in touch with your employees
- Checking the authenticity and reliability of the data
- Communicating with the customers
- Getting the right experts to recover your business
When you have such a checklist made, it is easy for you to start working on the recovery right away.
Also, since clients will take note of the recovery as well, it is easy to retain the clients. When you have accurate data on how you are recovering your business, most of the clients will give you enough time to recover. It means that chances are you will not lose any clients. Once you can retain your clients, it is easy to grow back your business. Due to this very reason, the faster recovery can work to your advantage.
Many competitors will not care if your business has suffered. They will try to poach clients from you. However, when you have a plan in place, it will minimize any damage to your business. Also, before the clients know about the disruption, chances are you will be back up on your feet. It will mean that you can keep the competition at bay as well.
So, it is essential for every small business to have a plan in place to make sure business is back to normal. With the help of a recovery plan, you can create a moat around your business. It means that even during the disaster, your business will not suffer much. You can keep the competition at bay and retain your clients easily. It will help you swiftly grow your business.
Featured image source: Freepik