Covid-19: 6 Key Business Areas to Assess

Covid-19: 6 Key Business Areas to Assess

Joe Hinton, Managing Director of UK Business Mentoring Group, has put together a series of prompts to help business owners prepare six key areas of their business amidst coronavirus disruption

By Joe Hinton

As the UK Government continues to tackle coronavirus, business owners across the UK are faced with assessing how the pandemic may affect their staff, customers, suppliers and any other key stakeholders. But with so much information being published and new legislation being passed, many business owners are left feeling overwhelmed and unsure of what steps they need to take. 

Joe Hinton, Managing Director of UK Business Mentoring Group, has put together a series of prompts to help business owners prepare six key areas of their business during the pandemic:

1. Staff

In order to protect your staff, consider the following: 

Many of these answers will be directly impacted by government regulations and support packages available to small businesses, so be sure to regularly check in on what is available to you.

2. Suppliers 

3. Customers 

4. Profit 

5. Sales 

6. Cash 

This will be the big issue for many businesses. Profit may reduce due to the crisis, but many businesses will run out of cash first. 

About the Author

Joe Hinton is Managing Director and Founder of UK Business Mentoring GroupUK Business Mentoring are happy to take calls from businesses of any size and in any industry to discuss their challenges and give them our advice, guidance and recommendations. There is absolutely no obligation to make a purchase, this is purely an offer of a helping hand to business owners facing challenges in unprecedented times.