Posted on: Monday March 23rd, 2020

Author: Ronnie Baskind

While the COVID-19 pandemic is an awful period to live through, impacting lives and businesses in the worst possible way, a situation of this kind can provide opportunities not available during normal times. 

As part of our service, we will work with you all to improve your businesses through the intelligent application of business systems and processes.  As front-line consultants, time and time again we see the situation where, although the need for internal improvements is recognised and the will exists to see it through, key people involved are simply too busy with their regular roles and do not have time for these projects. 

As we move further into containment measures which slow down operations, now would be an excellent time to invest in productivity, systems and efficiency.  Six months from now, when economies start returning to normal, your business will be well positioned to take advantage of the new situation. 

China is now coming out of their peak infection rate and returning to normal.  Supplier and supply chain arrangements could be reviewed at this time.  Do you have trouble with your accounts receivable?  Cash flow will be important in the coming months, so what can be done to reduce your outstanding balances?  Which are your highest performing stock lines and those not generating revenue and are you holding more than necessary? 

We have helped many of our clients work through these types of problems and have improved their overall productivity across all areas of their businesses.  With offices and consultants across the country, our remote-productivity infrastructure has been in place for some time so travel and social-distancing restrictions are not an impediment. 

This period will not last forever and life will return to normal.  Let us help you to make the most of challenging times so that you emerge better and stronger for the future.