There’s a notion that living in a small city will limit the opportunities for your business to grow. However, a recent study conducted by Verizon placed Rapid City in the top ten small cities for people to start a small business in. Rapid City scored well in the six categories which make up the study; population, education, commute time, income per capita, access to broadband, the ability to acquire capital and of course attractive tax-friendly environment.
According to the study, the two areas in which Rapid City excels is the short commuter distance and tax-friendly environment, with an average 15-minute commute and no corporates taxes.
Currently, the two most significant drivers of innovation in Rapid City small business development are in the healthcare and technology sectors. Both of these can be multipliers, prompting other businesses to be developed in order to serve the needs of the population, coming into the city to take advantage of the services offered by these two industries.
Despite the advantages Rapid City has in attracting startup businesses and entrepreneurs, there is still one unpleasant reality: regardless of city or state, 50% of all businesses go out of business in the first few years. This, of course, can be due to a variety of factors, but one factor we always warn businesses - small, large and in-between - about is the importance of having a backup and disaster recovery solution in place.
Worse, there is another troubling statistic: nearly 70% of businesses that lose their data, will go out of business.
While there are many factors beyond your control that can put your business at risk, you can control how your business will recover from losing its data. The reality is, as we become more and more dependent on digital data, we also become dependant on the luck of the draw, with no guarantee whether or not our data will be accessible when we need it. The only sure-fire way for that to happen is to make sure that it can happen, and that means having a backup and disaster recovery (BDR) plan in place.
We can see the importance of developing a BDR plan, which offers the following benefits:
Allowing your business to resume promptly is critical to its survival. A BDR plan can have you up and running in minutes, not hours and certainly not days. This speed can make the difference between your business' survival and failure.
If you currently don't have a comprehensive backup solution, now is the time to consider implementing one. Offering an affordable solution for a monthly flat-rate, KT Connections Backup and Disaster Recovery solution is a smart way to protect your business.
If you represent one of the new healthcare businesses making Rapid City your home, KT Connections offers a variety of solutions for your industry. Our understanding of the strict privacy policies and mandated technology guidelines required for the healthcare industry will allow you to remain compliant with HIPAA and HITECH, streamline your processes, all while providing your patients the highest level of service.
As a full-service managed service provider, we can manage your EMR (Electronic Medical Records) to speed up communication, delivery and security, as well as provide the infrastructure needed to support the practice itself.
KT Connections can show you the importance of the backup and disaster recovery solution, making your business more secure, and better able to survive data loss - no matter what the cause. Fill out the contact form for a free consultation or call us at 605-341-3873 today.