PLANNING FOR THE UNTHINKABLE

COVID-19 has demonstrated that businesses were woefully underprepared for a disaster or crisis scenario. Businesses did not have documented plans on how the business would stay afloat if there was no income for a period of time, or what the business needed to do to continue to operate.

You can argue that COVID-19 is an unprecedented scenario but the reality is that there are disasters every day, it all just depends on the scale as to how big an impact it has. At any time your business could be affected by another crisis and it is critical that you have a plan that documents what needs to be done for your business to continue trading.

While COVID-19 has resulted in this service being created, the reality is that every business should have a Business Continuity Plan which is enacted in a crisis scenario. Your plan should:

  • Outline how you will minimise the impact of the crisis on your business

  • Detail opportunities to preserve your cashflow and profitability

  • Create a roadmap for dealing with employment issues

  • Clarify your process for looking after your customers and preserving income from them

  • Identify options to pivot your business strategy in these challenging times

  • Detail your plan to preserve the value of your assets and your wealth as much as possible

When you’re running a business, long-term planning of any type often takes a backseat to day-to-day issues. But even if you’re busy, it’s worth dedicating some time to creating a business continuity plan so that you are prepared for the next crisis – it could be just around the corner.

We have three options for this service:

  1. Business Continuity Planning Session.  We'll help you to develop your Business Continuity Plan, in a collaborative approach, bringing together your operational knowledge and our financial acumen. You'll complete pre-work prior to the session, allowing for an in-depth review.

  2. Business Continuity Plan Review.  We’ll provide a guide and template so that you can draft your Business Continuity Plan. Send your completed plan through to us and we’ll schedule a meeting to work through our recommendations and assist you to finalise the plan.

  3. DIY Business Continuity Plan. You can use our templates and guide to create your Business Continuity Plan yourself.

Ready to get going? Click below to book a complimentary 30 minute discovery call to discuss your business and Business Continuity Planning.