Jamie Heaslip shares 10 of his best business tips for the current situation.
Someone who knows all about over coming challenges, both on and off the pitch, is former Leinster and Ireland Number 8 Jamie Heaslip.
The health of Irish business is a subject close to Jamie’s heart, as he is a shareholder of SME digital lending platform, flender.ie, which lends to small to medium sized businesses around the country.
And he's teamed up with iRadio to impart 10 of his best business tips on how best to get the most out of your business post Covid-19:
1. Keep as much cash as you can.
Don’t buy anything that isn’t essential for your business right now.
2. Review your terms and conditions of sale.
Just as we’re (very smartly) seeing the travel industry advertise changes in their cancellation policies, what can you change or adjust at this time to give your future customers full confidence to buy from you.
3. Be on the front foot.
Contact your existing customers and answer their questions before they ask them. Explain any changes in their products or services that are affected due to the CONVID-19.
4. Work ON your business.
If business is quite for you right now, work on the things you have wanted to but were always stuck for time to get done.
5. Collaborate.
Look around, who is around you?
Network, make friends with them and brainstorm ways you can collaborate, giving both of your customers a special deal.
6. Keep it regular.
Set a schedule and stick to it. Plan your day around phone meetings, deadlines and maintain regular hours
7. Hire the right people.
Choosing the right people can be instrumental in driving your business forward and your employees can often represent your most important investment.
8. Learn to delegate.
If you’ve hired the right people, trust them to do what they’re being paid to do. Delegating also frees up the owner to focus on strategy and develop a vision for the future growth of the business.
9. Get on top of your payroll.
Payroll is important for operations of any size. Your staff must be paid correctly and on time and you also have to report your payroll transactions to your government agency for the collection of taxes.
10. Take cover.
Insurance such as employers’ liability insurance are compulsory. This covers you for any liability should an employee suffer an injury or become ill because of the work they do for you and it must be taken out as soon you employ anyone.
