Take a proactive approach to change as you lead your business through the Coronavirus crisis, utilising these tools:
Occupational Health & Safety
Employers have the ultimate responsibility for ensuring a safe work environment, wherever that work is carried out. Here’s what you can do:
- Take the time to scroll through A Guide to Health and Safety in the Office;
- Ask employees to complete a ‘self-check’ Work Station Risk Assessment to verify their environment is safe;
- Allow employees to borrow equipment from the office if necessary (ie computer, ergonomic chair, standing desk etc).
Small Business Survival Checklist
- Assess different scenarios, don’t make panic decisions!
- Talk to your peers and engage experts for advice. It’s really important you do this now.
- Keep your company’s vision at the forefront.
- Do a financial health check on your business. We can help you with this.
- Apply for loans and relief. The Government’s Stimulus Package highlights several relief measures that have been put in place to boost cashflow for employers. The Government’s JobKeeper subsidy allows businesses impacted by the coronavirus to access a fortnightly payment of $1,500 per eligible employee for a 6-month period from 30 March 2020. If you’re in Victoria, you can also access the Victorian Government’s Economic Survival Package. Know what’s available to you! For a full rundown of all available financial support, download your guide to COVID-19 Stimulus and Support Measures.
- Inform employees of their rights and the Stimulus Package relief available to them.
- Ask your landlord for delayed or reduced rent.
- Apply to the banks for deferred loan payments.
- Cut costs that don’t deliver revenue, new customers or help you retain existing ones.
- Prepare and plan for more cost-cuts should they become necessary. What’s next?
- Re-do your budgets with new forecasts.
- Focus on current customers. Proactively call and email to see what their needs are.
- If cashflow is an issue for your customers, demonstrate empathy by offering discounts or deferred payments (reflect these in your budget)
- Use down time to consider new products or ways of doing things that can carry you into the future. Do you need to pivot your business to cater for new demand?
- Stay visible, don’t switch off your marketing efforts. When the tables turn, you want to be top of mind.
- Lead your workforce honestly, directly, calmly and respectfully.
- Check in with your workers often. You’re responsible for their health and safety while they’re working, and working remotely can be tough!
- If you think you may need to reduce your workforce, first explore these options put together by Evans Faull HR, and consider again whether the JobKeeper subsidy can be applied.
Develop your Skills
Keep learning and developing your leadership and management skills. Here are a few free resources to get you started:
- Remote Working: Setting Yourself and Your Teams Up for Success – excellent resource from LinkedIn with 16 modules covering Productivity, Time Management, Managing Stress, Building Resilience, Leading and Learning.
- Transforming Teams from Functioning to Flourishing: the wonderful Stephanie Bown on leading and staying focused during challenging times (other dates also available)
- To access Stephanie Bown’s completed Webinar about Leading Through Vulnerable Times, simply click on the link and register your details to watch.
- ATO Free Small Business Webinars
- Healthy Teams Series, Part 1
- ATO Free Small Business Webinars
- If you find yourself with some down time, catch up on TED Talks or enrol in an online eLearning course