Coronavirus has brought unprecedented upheaval to businesses across the world. Whole industries have been plunged into hibernation. The uncertainty surrounding Lockdown restrictions and how and when we may come out of them has caused countless sleepless nights for business owners.
We’ve spent much of the last few weeks working with clients to keep them up to date on the support that’s available to them. We’ve helped them create cash flows and apply for the different types funding and support, as well as helping them access Government grants. We’ve been working the phones, sending information and posting a host of blog posts, to get as much information out to our wider networks as we can, just to help them and translate all the guidance.
You can see our Coronavirus News page here, which includes a link to all of our articles and details of the various support packages available.
We’ve been told all of that’s been really helpful, but NOW it’s time to look forward.
This situation will end, that much we know. What we all need to do now is make sure we’re putting ourselves and our businesses into the best position for the future.
The weeks ahead are a great opportunity to take control of aspects of our business that maybe we haven’t done in the past. It’s a great time to reconsider our records, monitoring and processes to be as efficient and informed as possible.
And it’s a great time to make some proper plans for the future.
Our ‘Rebound Resources’ are a range of tools and information to help you prepare for the future.
- Over the coming weeks, they’ll help you take control of your cash, your pricing, your budgets and some of your internal processes.
- They’ll help you reopen your doors with confidence as we all emerge into the world again, with a clear plan of where your business is going and how it will get there.
- They’ll help you be sure that you have a clear view of the funds you need and when along that journey.
It’s a sad fact that a large proportion of business failures come AFTER recessions. Business owners start running too fast, without ensuring their finances are under control and constant review. Over-extension follows and there just isn’t enough cash to sustain the business.
With some time spent working on the right areas of your business over the coming weeks you can make sure this doesn’t happen to you.
Take the time to educate yourself, and to build the right plan, processes and reporting mechanisms for the future.
Are YOU ready to Rebound?
We’ll add some links to the left of this page over the next few weeks, which will take you to the different tools we’re working on to help you.
If you’re a client of ours and have any questions on any of these as we publish them, please do get in touch. You all have different businesses, experiences and goals, so we can’t possibly cover everything here, but are very happy to help!
NON CLIENTS PLEASE NOTE: These Resources are NOT supposed to be a replacement for a detailed conversation with your own Accountant. They’re meant as a way to bolster your knowledge and help you look forward, but to get the most from them, you should discuss the outcomes with your own advisor.