Surviving covid19 - converting potential strife into opportunity
1. SMEsSMEsSMEsSMEs –––– surviving Covidsurviving Covidsurviving Covidsurviving Covid----19191919
CONVERTING POTENTIAL STRIFE INTO OPPORTUNITYCONVERTING POTENTIAL STRIFE INTO OPPORTUNITYCONVERTING POTENTIAL STRIFE INTO OPPORTUNITYCONVERTING POTENTIAL STRIFE INTO OPPORTUNITY
Helping businesses prosper and growHelping businesses prosper and growHelping businesses prosper and growHelping businesses prosper and grow
Arrowpark Limited
SBC House, Restmor Way
Wallington, Surrey SM6 7A
www.arrowpark.co.uk
T: 020 3794 3016
E: enquiries@arrowpark.co.uk
2. • Can a business prosper during these uncertain times?
• Planning and flexibility is key
• How to plan for lockdown starting to stop
• How to produce much needed cashflow
Index to presentation slides
Arrowpark Limited
SBC House, Restmor Way
Wallington, Surrey SM6 7A
www.arrowpark.co.uk
T: 020 3794 3016
E: enquiries@arrowpark.co.uk
3. Can a business prosper during these uncertain times?Can a business prosper during these uncertain times?Can a business prosper during these uncertain times?Can a business prosper during these uncertain times?
• Many feel that opportunities are limited as a result of the surreal impact of the coronavirus.
However, many successful companies have been created during downturns. Adversity can bring
out the best in us as we are forced to be as creative and innovative as possible. We have to focus
on surviving as opposed to succeeding. Uber, AirBnb, WhatsApp, Square, Pinterest, Slack and
Twilio were all started in 2008 and 2009 during the global recession.
• We have invested time learning from our clients what has worked, what is working and what has
not worked….the realistic practicalities of running a business in this climate, ensuring
sustainability and growth.
• One of the most challenging dilemmas faced is the responsibility of ensuring the health, safety
and financial security of staff whilst ensuring your business survives. We explore the key lessons
learned as well as applying our own experience as advisors, accountants and SME owners.
Arrowpark Limited
SBC House, Restmor Way
Wallington, Surrey SM6 7A
www.arrowpark.co.uk
T: 020 3794 3016
E: enquiries@arrowpark.co.uk
4. Planning and flexibility is keyPlanning and flexibility is keyPlanning and flexibility is keyPlanning and flexibility is key
• Planning and flexibility is key but the number of variables can make it seem overwhelming. When
budgets are no longer relevant and cannot easily be revised, it can seem daunting.
• We understand first-hand what it takes to run a business during these uncertain times. We
understand that to succeed it is imperative that the business owner and director needs to look
after themselves and their staff. Without happy and healthy talent, our businesses will not
survive.
• Leveraging the vast array of technology at our disposal allows us to adhere to the Government’s
lockdown advice by working remotely. We have had to adapt quickly and become more flexible
than ever before. We want to share our experience with you, advise on what works and what
doesn’t.
Arrowpark Limited
SBC House, Restmor Way
Wallington, Surrey SM6 7A
www.arrowpark.co.uk
T: 020 3794 3016
E: enquiries@arrowpark.co.uk
5. How to plan for lockdown starting to stopHow to plan for lockdown starting to stopHow to plan for lockdown starting to stopHow to plan for lockdown starting to stop
• Understandably, so much focus has been on the digital aspect. But what about when the
lockdown starts to stop…what next? There is no cookie cutter approach that will work for
everyone, but there are some key principles that apply to all:
• Protecting the lifeblood of your business – cash. Managing your cash, spending every penny as if it
were your last.
• Realistic budgets – it is crucial to examine forecasts. Whilst optimism is a motivator and a marketing
tool, the pandemic means that the focus for many has become more about surviving the short and
medium term than profiteering.
• Overhead reduction vs generating new business and retaining talent – this may sound like a
contradiction! We are not professing it to be easy but believe that it is about:
• going back to the roots of our business and remembering what we did at the start when we did
not have much cash.
• creativity – boost morale with key staff in innovative ways, use social media and less expensive
marketing routes.
Arrowpark Limited
SBC House, Restmor Way
Wallington, Surrey SM6 7A
www.arrowpark.co.uk
T: 020 3794 3016
E: enquiries@arrowpark.co.uk
6. How to produce much needed cashflowHow to produce much needed cashflowHow to produce much needed cashflowHow to produce much needed cashflow
• If you need additional help, Arrowpark can help you source government grants/relief (free
money), qualify for reduced rate funding, recover debts and produce much needed cash
flow. Please contact us, there is no downside in reaching out, no cost attached to the
conversation.
• We work with businesses of all sizes to ensure that they are prepared…. from identifying
significant cost savings, creating flexible plans, reviewing structure, promoting remote working
and in-house functions. We work to improve the adaptability of your business.
• Our first-hand experience in setting up, turning round and succeeding as business owners, board
directors and entrepreneurs means that we stand out in our field. We understand that advice
needs to be valuable and cost effective….advice is of no value if it is cost prohibitive……advice
needs to add value to your bottom line, not reduce it!
Arrowpark Limited
SBC House, Restmor Way
Wallington, Surrey SM6 7A
www.arrowpark.co.uk
T: 020 3794 3016
E: enquiries@arrowpark.co.uk