How Much Does Downtime Cost Your Business?
Have you ever wondered how much downtime costs your business? Use this downtime cost calculator to get a (rather scary) grasp on the figure.
2 Day Outage, 10 People & £1m Turnover = £11,127
The defaults below shows how much a 2 day outage, such as recovering from a ransomware attack, can cost a business with £1m turnover and 10 employees on an average of £35k PA.
There are quite a few things to think about that can cause extended business interruption. A risk assessment is a really good place to start. Think about your known knowns, your known unknowns and your unknown unknowns, trying not to quote Donald Rumsfeld!
These figures may well shock you but they should also give you clarity on how much you may need to invest in BCDR – Business Continuity and Disaster Recovery. A good plan, tested regularly, could really save your business a small fortune.
Play with the figures on our downtime cost calculator – it is a bit of an eye opener!
Also – feel free to check out our Employee Cost Calculator which deals with lost productivity rather than downtime.
Please feel free to pick our brains on this. We’d be happy to answer any questions you may have.