As I’ve mentioned in recent blogs, as we get closer to the light at the end of the pandemic tunnel, all businesses need to be concerned with maintaining productivity – let’s not drop the ball at a crucial part of our economic recovery.
Having a business plan that makes your organisation ‘investment ready’ is not just for large corporates, maintaining output at the right levels can make a big difference to even the smallest of SME’s.
There are number of key objectives that all businesses need to make as we gradually exit the pandemic.
The first priority is to our staff, our most valuable asset, ensuring that they can work optimally, being happy, safe and engaged are essential if a business wants to perform and grow.
Business owners also need to focus on turning their attention to how the business has been operating during COVID-19 and what measures and procedures need to be developed and undertaken to maintain post-COVID-19 efficiency.
Last year a total of £104bn was lent to organisations according to the British Business Bank, with almost half of the UK’s businesses applying for external finance, a sharp decline from 13% in 2019.
As plans are being put in place to re-open the economy, business owners need to focus on their immediate financial future, in terms of loan repayments, and their repayment of deferred liabilities.
For business owners to develop a sustained long-term growth, they must create and build a risk management framework to increase their overall resilience.
At some point, businesses will also re-enter the traditional financial structures for investment, which are likely to be even more contingent when it comes to loan approval.
This is where the Risk Dashboard can assist your business in creating an ‘investment ready’ organisation, identifying through real-time evidence based technology, your operational gaps, threats, vulnerabilities and risks.
The Risk Dashboard allows you to correct any areas of your business which may hold you back when it comes to becoming ‘investment ready’, creating the capacity to demonstrate that you can repay that investment, having managed and mitigated against any risks or threats.
Our modular (22 current modules) based compliance platform looks at risks from across your organisation, and provides the necessary guidance and support structures to help you build a resilient ‘investment ready’ organisation for the future.
If you would like to know more about how Risk Dashboard can help you get your business ‘investment ready’, please contact Neil Campbell, Commercial Director at Risk Dashboard on info@riskdashboard.co.uk.
We look forward to hearing from you.