Sunday 8 March 2009

Business planning is more important than ever

Small businesses make up the vast majority of all businesses in the UK, yet fewer than half of these organisations have a plan in place should disaster strike. A number of high profile incidents, such as the recent extreme weather have brought sharply into focus the importance of business continuity plans for business of all sizes.

What classifies as a disaster for one company can be very different to another. If a small accountancy firm fails to back up its data, and has no plans for keeping that data secure in the event of a fire, it could be taken to court for failure to comply with data storage regulations affecting financial organisations.

Recent research carried out by the Confederation of British Industry (CBI) shows that, despite the fact that 60% of medium-sized firms currently use the internet in their supply chains, less than half of these have no security to cope with online attacks and no backup plans.

Read more here: http://www.newbusiness.co.uk/articles/business-continuity/business-planning-more-important-ever


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