If you do have a plan, is it flexible enough to cope with the uncertainties of the next two to five years? I notice a lot of people saying on social media that they’re glad to see the backend of 2020, but the next couple of years are going to be uncertain for both businesses and families.
I must admit coming to the end of last year I had only been mildly affected by COVID-19. Events and holidays were cancelled, but nothing compared to the events happening overseas and to a lesser extent, Melbourne. I have a staff member in Brisbane and another here in Toowoomba, so I decided it would be a good idea to go to Brisbane for a Christmas lunch on the 16th December, 2020.
Five days later we were all issued with Quarantine Notices (by this stage we had all self quarantined as Queensland Health had not had time to notify the 500 people that were affected). A traveller from Sydney had visited the hotel at the same time that we were having out Christmas luncheon, unaware that she was infectious with COVID-19. The hotel had to shut down, deep clean and quarantine staff.
This is how quickly a business can be disrupted. My business wasn’t hugely disrupted as we can all work remotely, from home. It does however stress the importance for all businesses to have a contingency plan for what may be ahead in the next two to five years.
Is your business ready for what may come?