Relaunch Your Business in this Pandemic with Business Health Checkup

1. Relaunch Your Business in this Pandemic with Business Health Checkup Most owners of SMEs make the mistake of focusing only on immediate needs and forgetting to plan for what’s ahead. They work “in” the business instead of working “on” it. Does this sound like you? Are you struggling to stay afloat in this pandemic because there are no contingency plans and systems in place to lessen its blow? Then it might be time to work with an advisor for a company health check. A company or business health check evaluates your company’s current position and provides plans to deal with critical factors affecting its performance. It can provide you with concrete and actionable information you need to tackle the challenges brought on by the pandemic and survive—even flourish—in the new normal. What’s covered? A business health check asks several questions that force you to focus on your business in a way that makes you see it from the perspective of an external expert. Think of it as a comprehensive diagnostic test. The answers are reviewed by a qualified business adviser/s who will then provide a report that highlights the strength of your company and points out areas of improvement. Here are just some of the areas covered by a company health check: People / Human resources Finance IT Systems Sales & Marketing Cost Reduction Strategy Procurement Operations What steps are involved? A business health check is a relatively easy process that can be done completely online if that is your preference. You will be provided with the support you need as you go through the process. These kinds of evaluations are very important during a crisis like this pandemic, but they should also be done regularly, even when things are going well. A good business advisor can provide a clear and straightforward report from all the information gathered in the company health check. No long and complicated documents—just actionable and practical advice that you can implement immediately. The goal of a health check is to produce positive changes that will help your company not only endure this pandemic but also adapt and eventually grow in this new business environment. The report will include recommended actions and timeframes for carrying them out. It can create clarity and purpose for your organisation during this uncertain time while building motivation for you and your team.