At Harrisons Business Rescue we have the skills to help you move your business forward once lockdown starts to ease.

 

Our European neighbours have published plans on easing restrictions.  France is the latest with a start date of mid May going into June and a rolling program of restrictions being eased or removed.

 

At some point in the next few weeks we may see the start of restrictions being eased and some businesses being able to open subject to some conditions.

 

This is the time to start reviewing your business and planning  on how it will recover when lockdown eases in what could be a changed consumer landscape.

 

Two areas to look at will be

 

operational

  • ​have you the right number of staff as well as staff with the right skills ?
  • will your suppliers be there to supply goods ?  Contact them now and ask about their plans. This gives you time to find alternatives
  • the same applies to key customers and gives you time to find new ones.  Show them you want to be there for when they open
  • have you any weaknesses in your operation that could be helped by using outside help on a daily rate rather than as full time employees ?  This could be debtor collections, supply chain management, HR, marketing, IT skills/changes etc
  • ​use this experience to review any continuation plans you have as well as reviewing ongoing insurance cover.
  • If you arent trading now and have an empty office/building, ensure that you are complying with your current insurance and inspecting it per the terms of cover.

 

financial

  • ​based on your business plan, do you need additional funding ?   The coming weeks could be used to find it be it from Government through a loan scheme or the regular sources of banks and asset based lenders​
  • ​have you considered bringing in outside investment that may also bring in additional expertise ?  This could help your business leap forward rather than walk
  • ​is now the time to think about replacing old kit to benefit from the improved efficiency and improved production rates coupled with increases in quality of the latest machinery.  Using finance for its purchase could ease the impact on cashflow but still give you cost savings and benefits of new equipment
  • are you maximising on Government and lender deferred terms ?
  • make sure that any payments to landlords, suppliers, banks, finance companies etc that you have deferred during lockdown, are affordable once trading starts again.  If it looks like they arent, use this time to renegotiate them.

 

As well as having years of experience in helping businesses, we work with a range of other businesses that want to help your business grow and improve.

 

That way, we can find solutions to help you

 

Not all businesses will survive and some will be very different than before lockdown, but we can work with you to find a solution to your problem that works for you