Why Online Backup Is Important for Small Businesses
For a small business, online (i.e. digital) backup is crucial. Whether you’re launching a company or trying to make it grow, your data is almost as important as the product or service you’re selling. Your company relies on customer lists, sales prospects, budget plans and production schedules to stay alive. Payroll and tax information are also crucial.
But if you lose that data, your company is likely headed for a sudden death. According to one report quoted in an analysis by Hewlett Packard and the nonprofit small-business group SCORE, 70 percent of all small companies that suffer a major data loss go out of business within a year. The causes can range from a natural disaster to human error, which causes about one third of data losses.
Many small businesses are vulnerable to this kind of catastrophe: the accounting software company SAGE found in a survey last year that just 38 percent of small businesses have a plan for coping with a data disaster. It’s essential that you start devising your own digital backup plan to safeguard your company.
Here are some things to consider:
How much data do you need to back up? Some business owners may want to back up just essential data, while others may want to back up their operating system. You might also want to keep your operating system software on a disk, perhaps in more than one place. And you should back up your server as well.