This period of ‘business unusual’ has brought both opportunities and challenges for business owners. Some have been able to adapt and progress their business, while others face the task of rebuilding. For those who are determined to get back to growing their business, Santam has some tips to help you kick-start activities.
HAVE A PLAN
Revising your strategy and assessing the risks will put you ahead of the game. We encourage you to start by creating a step-by-step Business Continuity Plan (BCP). The BCP will allow you to fully assess the vulnerable areas of your business and enable you to address potential risks well in advance.
GETTING BACK TO BUSINESS Photo Gallery
SPOT THE GAP
Try to spot gaps in the market. Find out how you can adapt your service or product to solve common problems fellow South Africans are facing right now. What can you offer that addresses a real need and makes an impact? Can you roll out varied solutions or minimum viable products quickly, without it costing you too much?
GET ADEQUATE INSURANCE
Get in touch with a qualified broker to ensure your business is protected from unforeseen risks and losses. Take the time to understand and read your insurance policies carefully. Remember that as you set out with your improved growth plan and get back to business, you need to protect your venture from potential threats and financial losses. Getting adequate insurance cover is the proper way to do so.
To find out more about our insurance solutions best suited for your business, speak to your broker or visit www.santam.co.za.