If your company had Gross Revenue: $1.5 million and Payroll: $700,000
Your losses would be:
Lost payroll: $13,461
Lost sales revenue: $28,845
Between these two measurable costs you just lost $42,306.
Now let's say, your computer guy worked after-hours for you and probably has no less than 40 hours getting you back up and running. If he only charges you $125 per hour, that's an additional $5,000.
If the data on the hard drive needed to be sent to a recovery company this could cost you between $10,000 and $20,000 in recovery costs. But this is small price to pay when you consider that if the data was completely lost you might never be able to re-type it back into your system because you don't have a hard copy of your information.
But, what about costs that are now so easy to calculate:
Use our calculator or download our Free Cost of Downtime Worksheet (PDF)
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