Many business owners are experiencing difficulties and looking for ways to survive and thrive.
A specialist in psychology and business studies is on a fully funded secondment supporting business continuity for small firms in all sectors.
Many firms found their financial losses uninsured despite having paid for general insurance to cover events outside their control. Insurance companies are now offering insurance with discounts for firms who have a business continuity plan with disaster recovery actions in place.
University scholar Heather Suttie is also giving online education video advice which shows how to create a plan for resilience.
Heather said: “Taking this free advice enables owners of all ages and abilities to reduce and prevent future losses from further virus spikes. The extra planning also helps survival in mergers and acquisitions with fellow traders. There are four video tutorials under ten minutes including how to protect intellectual property. More than 50 per cent of small firms fail to check and register their trademark brand ownership and many are at risk of infringing others.”
Heather is on a fully funded secondment with Brighton based Strategic Management Partners, winner of the M and A Today 2020 Award for Mergers and Acquisitions.
The consultancy is a strategic innovation partner with Clean Growth UK at the University of Brighton.
SMP director Clive Bonny added: “Heather has been a great support for our own business continuity. More employers should access funded University secondments as we have.”