According to the Home Office nearly 1 in 5 businesses suffer a major disruption every 5 years. Your business could be next and with no Business Continuity Plan your chances of survival are considerably reduced.A recent Department of Trade and Industry survey suggests that 7 outof 10 small businesses would go out of business within a year if they experienced a major disaster. The same survey adds that if computer systems were unavailable for 10 days or more, 50 per cent of businesses would cease trading immediately with 93 per cent going bankrupt within 1 year.
The unthinkable disaster can happen and will cause healthy businesses to fail. Disasters create missed opportunities, cash flow problems and can often result in bad publicity. All this can lead to a loss of client confidence and yourcompetitors will take advantage.
For a free helpful fact-sheet from Norwich Union on setting up a Business Continuity plan click here: -
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