DIGITAL STARTUP SOCIETY BLOG — Adding Resilience to Your Business

The best way to be resilient in your business is to think about how you run your business every day during the good times and work on creating systems and processes that make everything simpler to do. When you have a specific way to do something and do it that way, you will become more efficient and accurate over time. You will avoid bottlenecks, identify opportunities, and avoid disruptions by setting up systems, thus increasing your ability to bounce back from problems.    Identify All Repetitive Tasks – Take some time to go through your day, documenting what you do...

When you think about the word “disaster,” you are probably thinking about things like tornados, floods, and the like. While these are indeed disasters, consider that other types of disasters can happen to your business. From pandemics to technology failures, every day you’re in business, there is a risk of a disaster. The good news is if you plan for these things, you can mitigate much of the damage.   Know the Risk – There is always going to be a risk. You can walk outside tomorrow and get struck by lightning. It’s rare, but it does happen. Take the...

Part of being resilient is ensuring that you have a plan for almost any eventuality, those that are possible, as well as those that seem impossible. While disruptions can occur from internal error and poor planning, most problems happen without warning despite your plans without your ability to control it at all.    Gather Critical Documents and Info Keep a list of all the information you need to access accounts, customers, employees, contractors, and vendors.  Keep this information in a safe cloud storage platform that offers backups, redundancies, and safety. You might want to consider keeping hard copies in a...

Building resilience into your business simply means that you set up your business so that when something happens, you’re ready to take advantage of the opportunities that come your way.  Being resilient means that you’re going to set up a reasonable budget, set up systems and processes, use the right tools, and keep informed and educated about your industry and business. Doing these things makes it possible for you not just to notice opportunities but take advantage of them. The most exciting thing to note when you are experiencing any disruption is how most of the time, challenges, whether internal...

One of the most significant disruptions for online businesses is the loss of access or corruption of their data. There are many risks to online businesses that can cause a business not just to lose a day but to lose their entire business that you can prevent or at least lower the chances with proper system backups.   Many things can happen to ruin your data such as, inclement weather, data theft, and other problems that are not always in your control. You can choose a cloud storage company with redundant systems, and you can also create a comprehensive data...