What is Your Exit Strategy?
Best practices have shown that we should have an exit strategy in place in case of certain situations occurring that are beyond our control. For example, a business partner called in financial distress last month due to a marital problem in his personal life, which adversely affected his business and before he knew it he was in a crisis situation. If he had the foresight to create an exit strategy before he needed one in his personal life, he could have prevented the situation from escalating and impacting his business.
What about an exit strategy if one of your key employees leaves the company suddenly or falls sick with an extended illness? Do you have an exit strategy in place to cope with this situation and its potential affect on your business? Perhaps you should start thinking about one, if you don’t.
So, I ask you to think about what is you exit strategy in case of a fire, flood or natural disaster?
What if your server crashes this afternoon or a virus wipes out all of your data do you have an exit strategy in place to address the unexpected when it comes to an IT failure? You may want to start thinking about it.
The key here is to plan ahead for the unexpected. Have an exit strategy because the more prepared you can be for these situations the less likely it will be that the impact will be severe and disrupt your business for any length of time.
Last but not least, remember to have an exit strategy in place to protect your mission critical data, whether it is customer records, emails or confidential business documents. To have your data available is priceless!








