So your business is more organized and you have a focused business strategy; now it may be time to develop a disaster recovery plan.

Yes, we’ve done a couple of these posts on having a disaster recovery plan in place, but that’s because this is important. Great plans include making the most of your resources and opportunities for growth while being acutely aware of the risks and challenges so you can minimize trouble by having a well thought-out recovery approach.

According to research by the University of Texas, only 6% of companies survive a catastrophic data loss, while 43% never reopen and 51% close within two years. In spite of those shocking statistics, Gartner Research estimates that only 35% of small and medium businesses have a comprehensive disaster recovery plan in place.

It might feel like focusing on the negative, but it’s just good business to be prepared.

Guest post by Mario Acosta-Velez, Director, Government and External Affairs for Verizon.   Mario manages strategic alliances and external relations with key stakeholders, business organizations, and diverse communities in the MD / DC region.   

Did you know in the last decade the number of Hispanic-owned business increased to 2.2 million according to the US Census?  I mention this as our nation celebrates the contributions of the Hispanic community during Hispanic Heritage Month from September 15 to October 15. 

At a recent conference, Verizon had a strong presence and showcased our latest most advanced technology and solutions for small businesses, including our all fiber-optic FiOS and wireless devices.  As I talked with several Hispanic small business owners at the conference, I realized that while many Hispanic-owned businesses effectively use wireless technology to conduct business, they are not taking full advantage of the use of other technology components essential to the success of their businesses.   

It’s not just Hispanic-owned businesses, but many small business owners need to consider using new technology or more innovative technology to help run their business better.   

Drum roll please (click here for sound effect)… we are excited to announce the winners of Verizon’s Hardest Working Small Biz Mom contest.  First, thank you to all the ladies who entered this contest.  We loved your stories and were in awe of the way you are able to care for your kids, family, your business and more.