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Starting a business can be a rewarding experience, but it also comes with plenty of risks. Building your digital resilience is key to giving your company the best chance of success.
When you run a business, disruptions can come from multiple sources. It could be an unfortunate incident that just affects your company, such as a flood on your premises or a cyber attack. Or, it could be a major economic event like a recession that brings your sales to a standstill.
If one of these incidents happens, you need the right technology in place to withstand shocks, maintain operations and ensure your business survives. That’s where digital resilience comes in.
Digital resilience involves establishing the right digital foundations to overcome unexpected disruptions, optimise operations and run your business effectively.
Improving digital resilience has become especially important for startups after the challenges of the last few years. The pandemic forced many companies to pivot and move entirely online – a transition that was much easier for those with strong digital systems already in place.
More recently, the cost of living crisis has put more focus on the need for productivity and efficiency. Startup founders are looking for ways to streamline operations when short on time and resources, and technology provides a solution.
So, where do you start with building your digital resilience, and what are some of the key elements you need to consider?
Digital resilience entails looking at each area of your business, from operations to finances, to identify vulnerabilities and find ways to improve your resilience.
If you're strapped for time like most founders, it’s common for this kind of task to slip down your to-do list. But spend a few hours boosting your company’s resilience now and you can save yourself a huge amount of time, money and stress in the future.
Here are four ways to improve your digital resilience and get better control over your business.
Creating a digitally resilient business won’t happen overnight. It’s similar to improving your efficiency – it should be an ongoing task to examine your processes and technology to find improvements. The more time you can invest in boosting your resilience, the more prepared you should be if there’s an unexpected disruption.
It’s also important to remember that building your company’s digital resilience doesn’t just fall on your own shoulders. When it comes to something like cyber security, your protection is only as strong as your weakest link.
Take a few minutes to explain what digital resilience is and why it matters to your co-founders and employees, and you’ll take a big step towards future-proofing your business.
Not sure what digital investments to make to help your business grow? We’re here to help – sign up for free one-to-one business support with a V-Hub adviser today to gain expert advice on a range of digital topics.
For more support on other areas of your business, you can also find advice, events, tools and more on the Vodafone V-Hub, designed to help your business thrive in the digital world.
For more support discover our free business support helpline and ​speak to one of our Business Advisers by phone, contact form or web chat.
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