Up-time, A Lucrative Investment
Let’s take a minute to investigate the statement running a business, nowhere does it say stand-still business, stoppage business, or on-hold business. So why do so many businesses ignore up-time as such a critical element of their operation and business strategy?
Whether you run a business because you want to receive money (for-profit) or because you want to give money (not-for-profit), the fact is this, you have a business that needs to be up and running.
Investing in things is scary, I can tell you all about it because I have been there a few times. But when you get down to the nitty-gritty, when you strategize and investigate and create a good plan on how to invest in preventing failures, it will pay for itself—probably 10 times over.
Humor me and ask yourself this question:
What would be the impact to my business if technology went down right now?
- Email would not reach the team
- Orders would stop or take more effort not to mention create confusion
- Production would slow down or stop altogether
Having a (technology) contingency strategy in my professional opinion is a lucrative investment whereas not having options can have tremendous costs and risks associated to it, even if you are just a team of five people.
Many times business owners automatically ignore the idea of technology without even looking at things objectively. Excuses like “we’re not down that much” or “we don’t really need to be online all the time” are more frequent than not. We live in a time where cloud applications exist in almost every company, large and small.
Do you know the exact cost to your business without having technology contingencies in place? The scary thing is that most businesses do not have a clear picture at all. If your business comes to a standstill because technology fails you, your employees aren’t producing work, but the clock doesn’t stop and you’re basically paying them to linger around the water cooler.
There are many examples but let’s use a fail-over option for your internet connection. It will cost your business less than $100 per month or about $4 a day (aka Starbucks Mocha Frappuccino)! If you were to need such a solution only once a year it would pay for itself.
Get prepared and be ready for when things don’t work, invest and strategize so you don’t have to figure things out when things do go wrong. In my opinion it is worth every penny to give it your attention.
Think about it!