• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • HOME
  • ABOUT

The Fortunate Investor

Investing, Business, Saving, Debt, Money, Retirement

  • Business
  • Invest Your Money
  • Save Money
  • Get Out of Debt
  • Make Money
  • Family & Money
  • Taxes
  • Retirement
    • Retirement Calculator
You are here: Home / Business / Protect Yourself From These 3 Categories Of Business Downtime

Protect Yourself From These 3 Categories Of Business Downtime

October 1, 2024 By Bobby | This article may contain affiliate links. For more information visit our Disclosure

Protect Yourself From These 3 Categories Of Business Downtime
When we think of downtime, we tend to think of being snowed into our houses and not being able to make it to work, or perhaps our internet connections failing, making remote productivity impossible. But as we saw with the recent Crowdstrike fiasco, downtime can come in more ways than one, though they may seem related to other broad categories (in this case, technical errors).

Now, no one can protect themselves from all manner of downtime issues at once. Life is too complex and unpredictable for that. Think of all the Japanese businesses that never quite know if an earthquake will harm their monthly operations, accounting for it the best they can with insurance and emergency contingencies.

With that in mind, however, you may wish to consider some of the following three categories of business downtime, and make preparations where possible:

Technical Downtime

This is most likely the first thing that pops into your head when you hear “downtime”. We all had it – your servers crash, your software decides to throw a tantrum, or maybe your entire network just stops connecting and needs to be reset.

So what can you do? Well, having robust backup systems is a start. But it’s also about having a plan B (and C, and D) for when things don’t quite work out. When Crowdstrike happened, airlines were given written tickets to authenticate passengers. If you can curate a backup to the most essential elements, downtime might not be so difficult.

Operational Downtime

Operational downtime can be harder to put your finger on, but it’s still important to plan for. Maybe your team is overwhelmed and productivity grinds to a halt. Or perhaps a key team member is out sick and no one else knows how to do their job. 

Tackling this kind of downtime can depend on what you do and how you do it, but streamlining your processes and cross-training your team isn’t a bad place to start. That often means your business can keep running smoothly, even when things aren’t perfect, or when unique issues occur, such as a weather event as we discussed.

Logistical Downtime

If your suppliers can’t deliver, your shipping partner has a meltdown, or maybe there’s a global pandemic that throws the entire supply chain into chaos (don’t worry, we’re sure this would never happen), logistics can be impacted too. Suddenly, you’re stuck with a warehouse full of half-finished products and no way to get them to your customers. Or perhaps you do, but the planning has limited how far you can travel and reach. Using services that help keep you operational such as fhgfueling.com for keeping your trucks on the road, or ensuring backup suppliers are available when you need them can help with a few issues you may not have been expecting, and learn for next time.

With this advice, we hope you can more easily and readily manage and protect yourself from various elements of downtime. You’ll never have a 100% perfection rate of course, but you may just subvert one small issue, and that’s worthwhile.

Primary Sidebar

Popular Articles

198-Smart Ways Businesses Can Streamline Content Creation

Smart Ways Businesses Can Streamline Content Creation

Like most business owners, you are probably juggling multiple responsibilities at the same time. You … Read More about Smart Ways Businesses Can Streamline Content Creation

Technologies That Can Transform Healthcare Sectors

Types of Healthcare Businesses You Can Set Up

With people living longer than ever before, if you are looking for an area of business that you can … Read More about Types of Healthcare Businesses You Can Set Up

How to Become an Extraordinary Property Manager

How to Become an Extraordinary Property Manager

Property management involves more than collecting rent and fixing leaky faucets. It involves … Read More about How to Become an Extraordinary Property Manager

Why Waterfront Offices Can Increase Client Interaction and Improve Business

Why Waterfront Offices Can Increase Client Interaction and Improve Business

If your office building is water-adjacent, you have an opportunity to maximize client interaction … Read More about Why Waterfront Offices Can Increase Client Interaction and Improve Business

The Hidden Costs of Payment Processing Every Business Owner Should Know

The Hidden Costs of Payment Processing Every Business Owner Should Know

While payment processing is essential for any business to make money, it’s also something that can … Read More about The Hidden Costs of Payment Processing Every Business Owner Should Know

Footer

TOPICS

SAVE MONEY
INVEST MONEY
REDUCE DEBT
MAKE MONEY
FAMILY & MONEY
TAXES
START A BUSINESS
RETIREMENT

THE FORTUNATE INVESTOR

ABOUT US
ADVERTISE
CONTACT US

The Fortunate Investor focuses on personal finance topics to build wealth. Topics include saving money, investing, managing debt, family and money, taxes, making money, college planning, starting a business, coupons and retirement.

SOCIAL MEDIA

FACEBOOK
TWITTER
PINTEREST
YOUTUBE

Copyright © 2025 Fortunate Investor. All Rights Reserved. | Disclaimer & Disclosure | Privacy Policy | Terms of Service