Earlier this year, an underground fire in Holborn caused days of disruption for businesses based in that part of central London. As this event hit the news, it raised an important question for businesses: what plans do you have in place for the unexpected
The incident received widespread coverage and some estimates put the cost of disruption at £50m.
Some businesses were unable to enter their premises for days and employees had to leave their laptops and smart phones behind. Many staff were sent home and power outages hit telephone systems and servers.
When something like this happens, some disruption is inevitable. But if you prepare, you can minimise the problems you face.
It’s not just dramatic, newsworthy events that cause disruption. Inclement weather (snow, floods or heat), transport issues and more can all cause problems for your company.
It’s worth your company having a continuity plan in place so you have some idea of what to do if a crisis hits. There are several aspects to think about, but your telecoms form a key element.
If a problem was to affect your organisation, how would your customers get in touch and how would you continue to operate? Some surveys have shown that losing communications can cost a company thousands of pounds a day.
Equinox provides telecoms services to UK businesses. Dave Millet, director there, recommends asking a few key questions:
It can be hard to know how much time and money to spend creating and testing business continuity procedures.
But a good way to start is to estimate the cost of a day’s lost business. If this figure is large, you can justify a greater investment in building resilience into your systems and procedures.
Being prepared means taking action now - not waiting until something happens. Hopefully you will never need to put your plans into practice. However, if you do, it could be the difference between survival and bankruptcy.
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