According to the U.S. Department of Labor, 40 percent of businesses do not reopen after a disaster. While that is a shocking statistic, the best way to prevent such an outcome is to be prepared in the event of a disaster.

Most businesses have a backup and disaster recovery plan in place, but it is seldom revised after initial deployment. At times, this can mean having an obsolete disaster recovery plan that is inadequate at addressing all the challenges encountered during and after a disaster.

Another important factor that businesses overlook while creating and maintaining their plans is “competitive advantage”. With the right plan in place, your business should be able to recover faster than your competitors, putting you at an advantage when your clients need you to be up and running.