We probably don’t need to remind you of all the challenges that Covid-19 has brought for small businesses – so we won’t! Instead we would rather spread the message of encouragement that many small businesses can and have flourished during the Pandemic, and it all starts with having a plan.
We’ve been working with some of our current clients and newbies to help them build a Covid-19 Survive and Thrive Recovery Plan, creating full 12-month cashflow forecasts and giving focus, clarity and confidence that they (and you!) can and will get through this testing time!
How the planning process works
It’s helpful to start by taking a step back and seeing just how far you’ve come. Noting down the positive ways in which you and your business have already responded to the pandemic and celebrating those wins!
If there’s ways that you could have improved or done things differently then this is a good time to take note and consider how this will affect your future plans.
Let’s talk strategy! What are the industry-specific opportunities available to you at the moment? Has Covid-19 opened up an interesting online avenue that your business could branch into for example? We also delve into weaknesses and limitations at this stage, and evaluate any risks that future opportunities could post to you and your business.
We keep it realistic. Big goals are fantastic but big plans are even better. We will help you analyse your budget and cashflow to determine how you’re going to achieve your goals financially. The key here is to create a plan that can be actually brought into reality.
Nail down your goals. You’ll likely have different areas in your business, each with it’s own opportunities – we help you set key goals in each area and work with you to design an action plan to achieve each and every one.
Now take action. If you always do what you’ve always done, you always get what you always got – you know the saying! Remember what we said about big plans? Now it’s time to take big action.
What’s great about your plan is it will be as unique as you and your business are – you’ll have your own challenges to overcome and your own big-picture goals too, but we are with you every step of the way!
We’ll also check in with you monthly or quarterly to make sure you’re on track with your goals, and to hold you accountable.
There is no better time to get working towards those goals than right now – we’re here to help.
Also look out for the launch of the Government’s £20 million SME Recovery grant, as this should cover your Survive and Thrive plan!