is your business reopen ready?

business reopening to the new normal

For many, it has been a long time since there was something to celebrate. The approaching easing of restrictions and end of lockdown as we’ve known it is a good cause for celebration.

But is your business ready to restart? Now is the time to start preparing, here are some juicy tips to help you get your business ready to press the START button.

The extended lockdowns across many parts of the country have been tough for many businesses, who have been forced to shut their doors or pivot where possible. As a shining beacon approaches, with many businesses now allowed to re-open, if you haven’t already, now is the time to start thinking about and planning for the restart of your business.

Here are some tips for being business ready in October and beyond. Let’s not forget, whilst the restrictions are set to ease and businesses can soon reopen, it’s important to prepare for similar challenges in 2022.

tick off these 10 items to be business ready in the new normal:

1. Create an ‘Open for Business’ plan – much like a business plan, write down a plan of action to be ready for business so you don’t forget anything.
2. Ensure you have enough stock & supplies – many businesses will be very busy, very quickly once lockdowns end and people can travel again. Check with your supplier and place your orders early.
3. Communicate – with your staff, your customers, and your vendors/partners. Give everyone the heads up of your reopening dates, and any changes or relevant news in a clear and timely manner.
4. Check your equipment and machinery – is everything in good working order? Do you need to upgrade them?
5. Do you have the right equipment and machinery you will need?
6. Is your business COVID Safe? Ensure you review your COVID Safe plan via your state government app or website.
7. Create a budget and cashflow management plan. Be prepared and keep tabs on your expenses against your income and cashflow.
8. Be ready to adapt. It’s likely everything won’t go exactly to plan, but you can act quickly and prepare for and anticipate challenges.
9. Pivot and adjust your strategy according to the feedback from customers, staff, and suppliers.
10. If you need finance, prepare early, and speak to a finance or accounting professional to ensure you know your options and limitations ahead of time.

how thornmoney can help you to reopen your business?

Thornmoney offers an invoice finance solution that allows you to turn unpaid invoices from your customers into fast funds within 24 hours since approval. With no lock-in contract, it is as simple as connecting your accounting software with our platform.

If you’re upgrading your fleet or business equipment, our asset finance products might be your answer.
We have loans available with tailored rates for your business and various payment terms up to 5 years. The options include chattel mortgages and rental agreements.

For more details about the thornmoney simplified business funding solutions, learn more today.