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Half of Britain’s SMEs are putting themselves at risk of insolvency by having no
formal procedure in place that would allow them to keep trading in the event of
a disaster, according to research from Bank of Scotland Business Banking
The research claims SMEs using computers fail to regularly back up information.
The survey of 1,000 small businesses showed that exactly half have no formal
plan or pre-agreed procedures they could take if they were unfortunate enough to
suffer from a fire, natural disaster or explosion.
But businesses do recognise that such an event could seriously jeopardise them,
as 51% thought that it would be difficult to get back on their feet or, indeed,
that they would cease trading altogether.
Kevin Gillett, head of Bank of Scotland business banking, commented: "Although a
rare event, when small businesses do suffer a major incident the impact can be
devastating.
"It is therefore alarming to see how little thought and preparation is being put
into disaster planning by many companies.
"Such planning need not be burdensome or costly and, given that it might prevent
a business’s closure, I would recommend that every owner-manager considers the
issues raised by these findings.”
Source:
RedAlert
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