{"id":1995,"date":"2020-08-12T04:00:00","date_gmt":"2020-08-12T04:00:00","guid":{"rendered":"http:\/\/im-20342"},"modified":"2023-01-11T11:08:00","modified_gmt":"2023-01-11T11:08:00","slug":"lockdown-be-ready-for-the-unexpected","status":"publish","type":"post","link":"https:\/\/www.oneaccounting.co.uk\/lockdown-be-ready-for-the-unexpected\/","title":{"rendered":"Lockdown \u2013 be ready for the unexpected"},"content":{"rendered":"<p>One of the more insidious effects of the coronavirus outbreak is its unpredictability.<\/p>\n<p>Businesses need to plan. To achieve this there needs to be an underlying, stable economic platform. Lockdown \u2013 whether locally or nationally applied \u2013 removes the certainty required to achieve planned results.<\/p>\n<p>For example, the recent attempts to relax distancing rules and allow hospitality businesses (pubs, restaurants, hotel etc) to reopen on a restricted basis has back-fired in certain areas and the government has created a further layer of uncertainty \u2013 regional or local lockdown.<\/p>\n<p>It is self-evident why lockdown is required \u2013 to control infection \u2013 but the effects on small businesses can be catastrophic.<\/p>\n<p>From green to red the issues that need to be considered might include:<\/p>\n<ul>\n<li>If you are fortunate and can trade online, lockdown may actually increase your turnover. However, can you meet changes in demand?<\/li>\n<li>By taking advantage of available grants and government backed soft loans you may have managed to keep your business hopes alive, but the evidence is that the job related, furlough grants are now being phased out and there is just so long that you can trade at a loss without becoming insolvent.<\/li>\n<li>Lockdown has meant that you are or were effectively closed to business. If the present easing creates more infection further restrictions may be required; either locally or nationally. This may require that business owners face up to unpalatable choices.<\/li>\n<\/ul>\n<p>Accordingly, we all need to plan for the unexpected, and in particular, that our business plans are flexible enough to cope with new restrictions especially if applied to our local area.&nbsp;<\/p>\n<p>If you need help with this planning and review process please get in touch with us.<\/p>\n<div style=\"font-size:smaller\" class=\"im_source\">Source: Other   Wed, 12 Aug 2020 05:00:00 +0100<\/div>\n","protected":false},"excerpt":{"rendered":"<p>One of the more insidious effects of the<\/p>\n","protected":false},"author":1,"featured_media":1996,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Lockdown \u2013 be ready for the unexpected - One Accounting<\/title>\n<meta name=\"description\" content=\"It is self-evident why lockdown is required \u2013 to control infection \u2013 but the effects on small businesses can be catastrophic.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.oneaccounting.co.uk\/lockdown-be-ready-for-the-unexpected\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lockdown \u2013 be ready for the unexpected - 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