What can businesses do now to prepare best to survive and thrive as we come out of the Covid-19 lockdown?

The lockdown has been a shock to business. People are predicting the worst downturn in the economy in 300 years. If firms are to survive, what steps can they take? Here's a start with a few suggestions:

  • re-evaluate your overheads - do you need to spend what you did before (on property for example)?
  • re-evaluate how you produce your work - can you do it smarter at lower cost of production?
  • re-evaluate how you deliver client care - they've got used to the convenience of visiting you remotely, it's more convenient for them - the competition for clients when the lockdown will be fierce
  • re-evaluate how you meet your compliance obligations - do changes allow you to do this in a more slick manner (remote viewing, signatures etc)?
  • re-evaluate business continuity and distaster recovery plans
  • how will you ensure staff safety as the lockdown is eased (PPE, social distancing, cleaning surfaces etc)?
  • consider what you want to achieve - do you want to stay in business? If you actually want to find a buyer for your firm do some housecleaning & prep. If you want to expand, decide what you're looking for.

Just a few thoughts - what others should people consider?

"We at Spires Legal wholeheartedly recommend Ingemar and his team at Hunnings Consultancy Ltd. Ingemar has supported us throughout our journey from new start up to established firm. It is refreshing to have a consultant that takes the time to understand your business and its priorities, stands by your side as it develops and is flexible in approach as your needs change.
The feedback we have from our team, and which we regularly hear from others is that Ingemar is an insightful and knowledgeable trainer who is comprehensive yet engaging in his approach. Still unsure? Five minutes on the phone with Ingemar and you will be sold on how much value he can add to your business!"

Arj Arul - Director at Spires Legal

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