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With the new millennium less than three months away, the need for contingency planning is greater than ever. Shona Cronin explains why SMEs must take business continuity seriously.
The notion of being safe rather than sorry is one which still has nothit home with many small- and medium-sized businesses. According to
research conducted by disaster recovery firm Safetynet, only 8% of
companies which experience a major disaster will survive in the long term,
yet it is estimated by members of the industry that only about 5% of
small- and medium-sized enterprises have a business continuity plan in
place.
It is likely that this trend will change, however. There is now immense
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