Imagine how you would feel if you had lost your business simply because you failed to properly back up the data your business had built over years of hard work and effort. The failing owner’s mindset revolves around:
1. A state of denial: The owner is aware of the loss and he is still healthy but wants to know why him? The businessperson is aware of the ensuing stress and starts making plans to combat it.
2. A state of anger or resentment: He may indulge in a blame game at this stage.
3. A state of depression: In this period the businessperson experiences grief. He feels upset and sorry for himself.
4. Acceptance: This is the stage where reality sets in and the businessperson is aware of the loss completely. Withdrawal symptoms begin to occur though temporarily.
These five stages basically deal with the grief of losing one’s business. However, one should learn from one’s past mistakes. Accordingly, one should chalk out a contingency plan to deal with such situations in the failure so that the business can be run irrespective of disasters and failures. Online data backup is of paramount importance.
