According to FEMA, 40-60% of small businesses affected by disasters will never reopen their doors. Regardless of your industry, there is a lot riding on how you protect your business from disaster. You likely physically protect your business with alarm systems, cameras, and even safes. You also probably invest in protections for your data and technology systems, as well.
A disaster recovery plan (DRP) is a tool used by successful businesses the world over to protect themselves. In this article, we’ll explain why so many businesses use it and how you will benefit from having one, too.
Anatomy of a disaster recovery plan
Let’s start by going over the core of any DRP. The details and number of points often vary, but the core of any effective plan has these points:
- Assess your business – Inventory your business assets and identify critical processes and functions.
- Determine acceptable downtime – Downtime is costly. How long can you (or your customers) afford for systems to be down? This helps determine how quickly you must restore basic operations following a disaster.
- Create an action plan – Create a plan to get critical functions up and running within the timeframe determined by step 2. There may be multiple plans to account for different types or scales of disasters.
- Determine responsibilities and communication – Who is responsible for which critical roles and essential communications? Be specific.
- Test and update – An untested DRP is almost as bad as no DRP. Test your DRP and find the holes and issues. Make adjustments, test again.