Skip to content

What's New

arrowAsset 1@3x

AdviceCo is excited to announce the successful acquisition of...

Read More
arrowAsset 1@3x
arrowAsset 1@3x

Business Planning Workshop Register now In this 90-minute workshop,…

Read More

Upcoming Events

Cashflow Crunch-ed! Workshop

Cashflow Crunch-ed! Workshop: Where does the cash go, and how to find it in your business faster

Wed, 27 November 2024

SMSF Seminar - New rules, new strategies. What do I do?

Self-Managed Superannuation Seminar – New rules, new strategies. What do I do?

Wed, 30 October 2024

Sign up to b-Mail!

Want to hear the latest news as it happens? Simply fill out the form below and we'll send you regular updates so you can stay in the loop.

Business steps to keep people safe and doors open Posted on January 20, 2022

staffing

When restrictions eased in October 2021, hopes were as high as the vaccination rates. We were ready to ‘learn to live with COVID’. Then Omicron ripped through families, communities and businesses, challenging safety, staff and supply. How can a small business owner compete with Omicron in order to protect staff and consumers, and continue to operate, let alone grow? The number one skill business owners need to have in 2022…juggling.

SAFETY

This is, and always will be, the most important thing.

If COVID hasn’t affected us directly, it is easy to forget the dangers. Under WHS law, businesses must assess and manage the risk of COVID-19 in the workplace. This includes reporting any staff case of COVID and to comply with mandatory health orders. A safety plan template is available per industry via the NSW Government website.

STAFFING

If members of your team are required to isolate, they must be supported by their workplace to do so. This may mean having to close doors temporarily. Where you can, be ready to turn your e-commerce offering on and/or up. Continue to consider the need for remote business through 2022.

Some businesses are having the opposite problem, where they can’t attract skilled staff in the first place. It is important here to work closely with your accountant to structure your staffing in a sustainable way. Your people are your biggest business investment. A careful balance of upskilling staff and being able to afford to keep them on the books if the doors temporarily close is essential.

Staff are scared of getting sick and/or having insecure work. Good employers will create a culture of safety and belonging to something worthwhile, as well as security in an increasingly insecure world. Flexible working is the new normal and will save your business money on real estate and increased productivity. The key to its success though is to empower your team to make quick and agile decisions that are aligned with the strategic business direction.

SUPPLY

The impact of staffing shortages on supply are alarming. Wherever possible, diversify your supply chain so you can spread out your risk. If one supplier goes down, do you have another you can rely on? This goes against many lean supply models, and it can be more expensive, but it is critical in a volatile environment.

Consumers, and humans in general, don’t love being told they can’t have something they want. If you can’t supply what they want, there is something you can do. Communicate! Soften the blow of bad news with something like: ‘I can’t supply you with that today, but I can do x, y or z until that is available’. Keep your consumers informed of your supply status. Remind them that they are valued and you are doing everything you can to meet their needs and that you wish it was simpler. Because you do wish that, right?

Consumer service seems to be a dying art. So many businesses shrug their shoulders and use COVID as an excuse not to deliver, and that is one sure way to lose consumers for life. Many consumers are being unreasonable in their demands, but they’re stressed too. Take it easy and default to overcommunication and absolute kindness. Your consumers will thank you, as will your bottom line.

ac-logo-whiteArtboard 1@3x

Discover the difference that the right advice can make

Get in touch with our team today and learn how you and your business can grow to the next level. 

be better off.

talk to us Discover the difference that the right advice can make

Get in touch with our team today and learn how you and your business can grow to the next level. From structuring to sustainability, we'll help you reach your financial goals and live the lifestyle you deserve.

be better off.