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Most small business owners will say the same thing; they started their business knowing their industry but not much else. Owning a business is one of the most brutal School of Hard Knocks in which people will willingly enroll. And while some are at graduate level, most are still taking the 101’s. Therefore, it should come as no surprise that one of the most important aspects of running a business is not practiced by many; establishing and keeping an eye on metrics.

... those who fail to reach the next generation of consumers may find themselves left behind.

The Digital Native Generation

Just as our parents grew up in an age when the automobile had long replaced the last horse and buggy, our children have grown up in a time when the internet and related technologies had already replaced older technologies their parents had taken for granted.

There is a bell curve for the adoption of technology in every industry. Early adopters tend to be very open to risk and like being on the cutting edge of technology. They drive the industry forward and find great reward there.

A Business Continuity Plan is not complete without a Disaster Recovery Plan.

What Is - Disaster Recovery

Disaster Recovery is a subset of Business Continuity. While the goal of Business Continuity is to minimize or eliminate the amount of downtime experienced after a disruptive event, thereby increasing the resilience of the business, Disaster Recovery deals with the process of storing and saving data for the purpose of recovering it on the occasion of said disruptive event.

As you are running your business, some numbers are easier to calculate than others. Those of the tangible costs, like utilities, vendors and payroll, are known and concrete.

If you took a moment to consider your particular industry, you may find that like most there has never been another era of such rapid advancement driven by technology than this one.

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