COVID-19 and small business
What can a small business do to mitigate the impact of the Coronavirus?
Small business and COVID-19. Action needs to be taken if the impact of the virus on small and medium-sized businesses (SME’s ) is to be reduced.
Does your business have a continuity plan?
Now is the time for organisations to review business continuity plans and emergency activation plans. This will help mitigate the impact coronavirus will have on critical business functions, products and services.
The good news is that it is not too late to create (and implement) a plan. Knowing what must be considered and ensuring there is sufficient cash flow to keep the business afloat in an environment where demand may be dropping off, compounded by staffing problems, could be the difference between a business surviving or failing.
How can Business in the Community help?
Included in this fact sheet is a checklist to help your organisation decide what should be included in your business continuity plan.
The plan should cover your organisation’s:
- suppliers and customers
The fact sheet also contains information on the support available from large businesses, the government and important contact information for the Coronavirus Business Interruption Loan Scheme
What is COVID-19?
COVID-19 is a new strain of coronavirus.
The World Health Organization declared on 11 March that the outbreak is a pandemic, meaning the disease is spreading in multiple countries around the world at the same time.
Typical symptoms include fever, dry cough, and can progress to severe pneumonia causing shortness of breath and breathing difficulties.
Who is at most risk?
Generally, coronavirus can cause more severe symptoms in people with weakened immune systems, older people, and those with underlying long-term conditions like diabetes, cancer and chronic lung disease.
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