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Business Continuity: A Small Business Life Insurance Policy

CBEYOND WHITE PAPER

These days, technology is not only an advantage for small businesses, it's a necessity. This includes everything from servers and network hardware to PCs and telephones. A small business looking to grow cannot take a step backward by neglecting its technology needs. The other edge of the sword that is small business technology is a sharp one, as a company that is 100 percent reliant on in-house technology solutions risks 100 percent downtime during an emergency. A fire, flood, internet outage or even a simple mishap in the office could put these systems out of commission, negating the value of the initial investment.

Suddenly, a small business's revenue stream is tightened, as the applications needed to process new orders are suddenly inaccessible. The business’s customer base is at risk of being depleted, as the communications tools needed to address customers' issues and requests are knocked offline. Even the assets, resources and inventory needed to get back into action are out of reach when the technology used to order and incorporate them is inaccessible.

When entrepreneurs invest in the technology necessary to get their small businesses off the ground, many neglect to consider the tools that can keep them from being knocked back down should disasters arise.

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