70% of businesses go out of business within 12 months when they do this.*
The Great Wallendas amazed audiences around the world by performing their death-defying high wire act without a net.
Living on the edge of disaster drew crowds and created fortunes. From state fairs to international boundaries, daring to beat the odds was just part of a day’s work.
Unfortunately, fate came knocking one day when a disaster struck without warning.
Walking without a net is dangerous in high wire acts and in business. We hear from Arkansas business owners every week who are walking without a net. Failure for them may not result in death—but it will definitely cause a lot of pain, frustration, and easily-avoidable costs.
The “net” I’m referring to is a routine backup of your data.
I’m amazed by how few business owners back up their data on a regular basis. Many have lost important information by not following this simple advice.
How to Create a Safety Net for Your Business
To create a safety net for your business data and ensure you are protected from a sudden disaster, follow The Rule of 3.
The Rule of 3 says you should have:
- Three copies of all of your data—two copies is not enough.
- Two local copies with redundant drives – Example: Server and a Network Attached Storage.
- One off-site backup – If your facility is hit by a disaster you still have access to your data.
Implement The Rule of 3 and be done with your death-defying act. It’s simple to do and vital to the health and longevity of your business.
Walking a high wire is risky business. If you’re serious about your business, then commit to regular backups of your data and never again be caught walking without a net.
A recent Paragon Software Group study on SMBs reveals that about 22% of companies (that’s more than one in five) have experienced data loss that caused significant impact to the business.
*PricewaterhouseCoopers research indicates that 70% of businesses reporting this kind of loss go out of business within a year of the event.
