Making tough decisions

After any crisis event, you should take the time to do a reality check to determine whether you really want to restart or continue your business.

It can be useful to think through:

  • What are my bookings and turnover likely to be in the coming months?
  • What will the impact be on my staffing levels in the next six to 12 months?
  • What new products or experiences will I need to create or identify in the local area to offer to visitors?
  • Was I happy running my business before the disaster?
  • Am I prepared for the potential extra demands that recovering my business will place on me, both personally and financially?

While many business owners may not be ready for such a reality check, it should be undertaken at some point. You might need the help of a trusted adviser, such as your accountant to help you make these decisions.

For more information on making these tough decisions see:

Last Updated 24th July 2017