What is BAU – Business as Usual – in 2022?
By Tina Zawila
Happy New Year and welcome to 2022 – the year where we start to “live with COVID” and return to BAU (Business As Usual). How’s that working out for everyone? It certainly has felt anything but, BAU! Once again, we are all facing some unique challenges, the least of which is simply keeping up with the changing directions and mandates.
As a business owner this is particularly challenging. You are trying to look after your own health and adhere to the directives as a member of society, but you are also trying to run a business with staff shortages, reduced clientele and January is traditionally a slow month where many people are still on holidays.
It’s important that you know you are not alone, and that you know where to go to get information and support. As Chartered Accountants and experienced Business Advisors we are experienced in helping business owners cope with the ups and downs of business, and whilst COVID is a unique and unusual event, sound business management strategies and business continuity activities are still relevant and applicable.
Back in 2020 we created a Business Continuity and Rapid Recovery Checklist to assist business owners navigate their way, and it is still applicable today. It contains important tips and strategies including understanding your financial position and projecting your cashflow and profitability over the next few months. There are suggestions on how to preserve or improve your cashflow, manage your team and supply chains, stay innovative and communicate with your customers.
Now more than ever, business owners need to invest time in themselves to ensure you are well informed and equipped with strategies that you can implement immediately.
I’m confident that we will return to BAU in the not-too-distant future (even if it is a slightly altered version of BAU), however, we all need to support each other and reach out if we need help.
The professional advisors at UHY Haines Norton CQ are here to support you. Call us today on 49721300.