Here are some ideas from across the sea - same language, same challenges and yet, a set of ideas worth examining in our journey to a better normal.
April 2020 UK Newsletter
For many businesses, the idea of something like Covid-19 coming along and having such a drastic impact on all aspects of life was previously unthinkable. But now that it has happened, many are frantically working to establish a new “normal” that will see them through to the other side.
The truth is, Covid-19 is just one of a huge number of unpredictable events that could potentially transform a high-profit, fast-growing business into one struggling for survival overnight.
The UK government has pledged to support struggling businesses during this trying time, which will go some way to making up the shortfall for some. But for others, the only way to survive is to establish new ways of trading - demonstrating just why a business continuity plan is so important.
What is a business continuity plan?
“Fail to plan, plan to fail”. Here’s how a business continuity plan can mitigate disaster, and how to create one. Read Now
If current events have taught us anything, it’s that nobody can predict what’s around the corner. However, in business, it’s crucial that we try. Although there’s no way of knowing exactly what the future holds, it’s guaranteed that at some point something unexpected or undesirable will definitely come along.
As we know all too well; whether political, economic, cultural or health-related; world events - as well as localised ones - will always have an impact on business. While it’s impossible to change this fact, there is a way to significantly minimise the impact on your business: contingency planning.
What is a business contingency plan?
Contingency planning is a proactive strategy: you need it in place before something goes wrong. Here’s all you need to know. Read Now
Turning Point Podcast
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The ICC has published a free guide to ensuring business resilience in the face of Covid-19. [via International Chamber of Commerce] For many companies, business continuity right now relies on the cloud. But how effective is it? [via ITProPortal] Are your customers fully assured that they can continue to rely on you throughout Covid-19 and beyond? This is where a continuity plan can help. [via Digital Commerce 360] Creating a business continuity plan is all very well. But its success depends on culture. [via The HR Director] For business continuity plans to be truly effective, make sure your HR team is involved. [via Forbes]