Many businesses are having to change to ensure they survive.  Some businesses are changing to ensure they meet guidelines and can continue to trade ie a pub that evolves into a temporary Farm Shop.  Other businesses are re-inventing themselves due to changes in customer needs ie a designer clothes manufacturer now makes up hospital gowns.

What are the pressures on your business? Have you been able to stay open and how could you evolve and change to ensure your business survives both now and in the future, when restrictions are lifted?

Here are 6 issues to consider :

  • Are you currently allowed to trade?
  • If you have staff, how do you plan to pay them if you have to shut?
  • How has your business been affected by the shutdown – positive or negative?
  • What steps can you take to ensure your business continues to trade?
  • How can you create change in your business to meet a changing market?
  • How can you evaluate the success of any changes you make?

Now is a great time to review your business, when most people have a little more time to think.  Covid19 will create long term changes in the way we live and also in the way that business takes place.  It is therefore really important to consider what impact the current situation will have on your business and what changes need to be made to ensue your business is safeguarded and can develop.

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