New and existing businesses in the current economic environment are finding that sometimes they have to make it up as they go along because of ongoing changed circumstances which manifest in some form or other and making it hard to do business.
It is good to take some time out and look at things that could impact on your business. Make a list and spend time thinking about them. Don’t take fright at the list, that’s not the point of the exercise. There’s and old proverb – “forewarned is forearmed”.
The list is your forewarning. Having the list, it makes it easier to prepare for the possibilities of the event happening sometime in the future. Take time to think about the items on the list and categorize them. The categories could be “Staff COVID-19 infections”, “Management COVID-19 infections”, “sudden downturn in business”, “lack of stock or supplies”, “staff shortages”, and so-on.
Once you have the categories, you can work out the strategies to put in place to deal with them. If you are having a brain block, maybe you can contact Western Sydney Business Centre to help you through Business Connect, a free service funded by the NSW State Government. Western Sydney Business Centre has access to some fantastic business diagnostic tools which they can apply to your business and help with formulating some strategies.
Another thing you can do is be very aware of your rights and responsibilities under Local, State and Commonwealth laws and regulations. Also be aware of the help available to you through the various government agencies. Look on the State and Commonwealth Services websites.
If you want expert help with this, go to the Business Connect website, look for the Western Sydney Business Centre advisors and book one of them or call on 02 4721 5011.