Navigating the pandemic: phase 3 - recover
We have identified three key phases we believe you, as a business leader, will have to navigate during and after this pandemic.
This phase is all about recovery and transformation – for some, getting fully back on track after the Covid-19 pandemic could take up to 18 months.
Are the effects of Covid-19 making you question your current business model and its future success? We believe that this phase presents an opportunity to look at how your top industry leaders are performing, benchmarking yourself in terms of structure and strategy to help identify how you should move forward.
CHALLENGES
Look at your financials as they stand and current forecasts. Think about how your business operations and future structures need to evolve, including staffing, product and service development, and sales channels.
How will leases, supplier deals, distribution processes and staff contracts impact changes you make to transform your business?
And then there’s future investments and your personal finances to consider. Will you need to review your protection policies or revisit any pension and retirement funds?
SOLUTIONS
HOW CAN WE HELP YOUR BUSINESS THROUGH COVID-19?
As painful and difficult as this time is, it gives you an opportunity to realise your vision for the future of your business.
It is important that you focus on both medium and longer-term goals. Create a business that is agile, innovative and robust enough to respond to economic change.
Our focus is on building relationships with our clients. We work with you to drive your business forward for success. During this phase we will help you with:
We’re here for you and we’re working hard to keep you informed on everything you need to know on business funding, CJRS, outsourced services and more.
If you would like to like to get in touch about any issues impacting you at this time.
As a business leader, you may already be reviewing working capital and cash flow projections, running scenarios on profit and loss, balance sheets and cash flows with various degrees of interruption. It is important to review regularly to manage liquidity risk.
The Government’s Coronavirus Jobs Retention Scheme (CJRS) was introduced to help employers keep staff on their payroll, covering most of their salaries and reducing the risk of mass redundancies. Reboarding is the process of bringing your furloughed staff back to work, as the Covid-19 lockdown restrictions start to ease.
We understand that at this time, your business will be facing a number of unique challenges and that your time will be at a premium. You will most likely need to prioritise managing costs and adjusting operations to cope with a reduced workforce, while striving to survive and adapt.
We understand the importance of financial planning for you as an individual, and the impact that Covid-19 could have on your personal wealth – both now and longer-term.
n the first weeks of this pandemic, many businesses concentrated on cash management, making sure they took advantage of all available government funding.
Find out how our Reshape programme can help your business adapt, evolve and prosper. Use our Reshape Assessment Tool and book a free consultation today.
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