Research from Mitel finds most small businesses will take two days to recover if disaster strikes
New research from Mitel, a provider of IP communications solutions, has revealed that more than two out of three UK businesses (with a £1m-plus turnover) are ill-prepared for unforeseen events, admitting it would take them two working days or longer to become operational following a disaster.
Mitel says that the results form an interesting revelation given the number of UK firms with business continuity plans in place has nearly tripled in the last six years.
What is worrying for UK small- to medium-sized enterprises (SMBs) is that the survey found that larger companies, with a turnover of over £20m, are proving to be better prepared to address business continuity planning, with two-thirds (66%) estimating they could resume operations within 24 hours.
The survey found that not only is disruption estimated to cost businesses on average £6,000 per day, but a third (32%) of the companies surveyed admitted they would be prepared to take an even bigger hit on profits by giving staff the day off if they were unable to access the office.
Over a quarter (26%) of senior managers told researchers they would attempt to rely on mobile phones to keep their business running, pointing to the lack of planning around telecoms protection. While the use of mobile phones beyond the office seems like a straightforward solution, says Mitel, it is not only costly but networks quickly become jammed in the event of a full-scale disaster.