Reopening Your Business After Covid 19 – Right now, it’s “Business Unusual” but as businesses reopen after the Covid-19 pandemic they will need to adapt to an unfamiliar environment.
It appears that generally, as a Nation, we have survived the health crisis and the lockdown of our lives, businesses and the economy, but now what?
Can we carry on running our businesses the way we have always done?
At Drumm Nevatt & Associates (DNA) we believe that if businesses continue to do what they have always done then in this economic environment they are not going to continue to get what they have always got.
The world has changed, the economy has changed and businesses must change and evolve if they are going to survive the economic impact of Covid-19 that is just starting to hit us.
The government support for businesses is extensive including (but not limited to) the wage subsidies, grants to obtain professional advice to support your business, Small Business Cashflow Loans, and some taxation concessions.
But alone that is not going to be enough for a number of businesses to survive.
Businesses need to make a Business Recovery Plan (RBP) to ensure that they can recover from the pandemic as strongly as possible.