Tag Archive for Business Management

How to reopen your restaurant, pub or hotel post-lockdown

Originally written by Anna Jordan on Small Business
UPDATED: Boris Johnson is expected to announce next week that the two-metre rule will be relaxed from July 4 and that pubs, restaurants, cafés and attractions can reopen post-lockdown.
For independent bars and eateries, the difference between the two-metre rule being enforced and one-metre social distancing is the difference between viability and the 2.8m hospitality staff currently on furlough not having a job to go back to, according to trade body UKHospitality.
The hospitality industry and the Government will also publish guidance next week as to how to reopen your restaurant, pub or hotel post-lockdown.
The guidance does however allow some flexibility rather than a one-size-fits-all approach, as seen in other business sectors.
Kate Nicholls, chief executive of UKHospitality, told the Today programme: “What we understand so far is that they are looking to reopen our businesses on July 4 with appropriate guidelines in place that will allow individual premises to undertake a detailed risk assessment and propose and put forward the control measures that they feel are necessary to keep their team and their guests safe.”
According to the draft post-lockdown hospitality sector guidance, obtained by The Times:
Pubs

Limits to the number of people allowed into pubs with markings

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How to do a coronavirus risk assessment on your small business premises

Originally written by Anna Jordan on Small Business
As businesses start to reopen, the safety of your staff, customers and your suppliers is a priority. One of the first areas to address is your coronavirus risk assessment.
The government has published a series of eight guides to help businesses to reopen across key sectors.
We’ll delve deeper into how you conduct your own risk assessment to ensure that your business is COVID-19 secure.
When should I be doing a coronavirus risk assessment?
If you’re already trading, you need to do it now to prove that you’re working safely. Those who have more time would be wise to carry one out now too.
You have an obligation under Section 3 of the Management of Health and Safety at Work Regulations 1999 to do a standard risk assessment. The government recommend that you take out a risk assessment in line with Health and Safety Executive (HSE) guidance.
Under the Management of Health and Safety at Work Regulations 1999, the minimum you must do is:

Identify what could cause injury or illness in your business (hazards)
Decide how likely it is that someone could be harmed and how seriously (the risk)
Take action to eliminate the hazard, or if this isn’t possible, control

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7 ways to help your Coronavirus Business Interruption Loan get approved

Originally written by Mark Perrin on Small Business
During times of financial crisis, businesses are always advised that the key to survival is to keep a close eye on cash flow. But what happens if everything possible has been done and the company needs to secure a business interruption loan to get by? What can business owners do to increase their chances of getting approved and securing the money they urgently need?
Before completing an application form for a business interruption loan, business owners need to understand the true cash picture and how it might change in the future. This involves assessing how the coronavirus crisis could impact cash flow in three, 12, 24 and even 36 months’ time.
Even though it is not mandatory for financial forecasts to accompany applications to the Coronavirus Business Interruption Loan Scheme (CBILS), business owners should avoid committing to any loan without understanding how changes affecting the cash position of the organisation could affect their ability to make repayments in the years ahead.
As well as being a demonstration of management best practice, cash flow forecasts allow business owners to make well-informed decisions about how much money they need to borrow and whether the loan is affordable. Without

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How to sell your small business without a broker – Small Business guide

Originally written by Timothy Adler on Small Business
When you should avoid using a broker
Because business brokers charge a sizeable commission for selling your business, using a broker is not always necessary if you want to sell your small business.
And brokers can have hundreds of other clients, with often only a small number of staff to handle all enquiries. Anecdotally, 96 per cent of businesses listed with brokers never sell.
In the end, nobody is going to love your small business as much as yourself, so why not handle your sale yourself?
Being able to respond to background checks and due diligence queries directly is another plus, rather than having to wait days for your broker to forward questions from your buyer.
>See also: How to sell your small business through a broker
Because you do not have to factor in broker fees, you can offer you can find yourself selling your small business without a broker for more.
And because you are not tied into a broker, there is no penalty if you do change your mind and take your business off the market.
That said, Clinton Lee, a consultant who specialises in helping sell businesses, believes that all but the smallest businesses would benefit from

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How to reopen your restaurant, pub or hotel post-lockdown

Originally written by Anna Jordan on Small Business
UKHospitality has set out draft recommendations for how hospitality businesses should operate post-lockdown.
For example, sauces should be removed from eateries and replaced with individually wrapped condiments. Meanwhile, in pubs, people will be discouraged from standing at the bar.
Hotel buffets will also be off the table, at least in the short term, according to a 75-page document from the industry body.
UKHospitality stresses that you must do a thorough risk assessment before reopening to show that you are taking adequate steps to reduce the spread of COVID-19.
Specific guidelines for hotels, pubs/bars and restaurants are set out below.
Hotels, accommodation and hostels

If staff help guests with luggage, keep the required distance apart from guests whilst collecting luggage and either take it to the room before the guest arrives there or knock on the door, step back and leave the luggage at the door. After handling luggage, staff should wash their hands or use a hand sanitiser.
Room service: consider using trays which can be left off the floor next to the door, or think of other ways to protect the order, for example a small light table, or a folding luggage rack both of which have been disinfected

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Protecting employees’ payroll during the coronavirus crisis

Originally written by Matthew Stark on Small Business
It is very rare that you will get advance warning that a disaster is about to hit your company.
Even if you do have some time to plan, it doesn’t mean things won’t go wrong as every crisis is unique and brings with it its own challenges. The current crisis we are facing is unprecedented, and certainly unexpected, meaning many employers will be dealing with business-critical issues they never thought they would have to factor into their plans.
With this in mind, the coronavirus outbreak has reminded all of us that having robust continuity strategies in place to deal with a crisis are critical. However, a lot of businesses will have had little or no contingency planning for a crisis of this magnitude and will be scrambling around trying to figure out what to do in the face of such uncertainty.
>See also: Business continuity plan: What it is and why you need it
One of the major problems that surfaces from not having a robust plan in place is that in putting out fires, as an employer you can forget about arguably your most important stakeholder – your staff. Many are working harder than ever to

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What is the average cost of fitting out my shop for coronavirus?

Originally written by Anna Jordan on Small Business
As lockdown begins to ease, it could cost SMEs hundreds of pounds to fit out their shops so that they are compliant with social distancing guidelines.
On top of their regular outgoings, business owners will be wondering if they have everything they need to operate in this strange new environment.
What is the situation so far?
In his speech on 10 May, Boris Johnson announced that if the COVID-19 situation improves, shops could gradually be reopened from 1 June.
The BEIS have previously laid out draft rules for businesses on how to run post-lockdown. Some of the guidelines focus on safety measures to take for your staff and your customers.
We’ve tallied up the costs of some of the essential items you’ll need to restart your shop-based business.
COVID-19 safety equipment for shops
The items we searched come from workplace supply shops such as Viking, Staples and Nisbets. Please note that all of the prices below exclude VAT.
PPE

Pack of 50 three-ply surgical face masks – £44.99
Powdered latex gloves (pack of 100) – £7.49

Total: £52.48  
Hygiene

Hand sanitiser wall unit – £249
Alcohol hand sanitiser (500ml) – £9.99
Carex Liquid Hand Soap Refill Antibacterial Professional Original (5L) – £23.99
EcoTech Disinfectant Surface Wipes Bucket (500) –

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Small Business Coronavirus Q&A – we answer your questions

Originally written by Anna Jordan on Small Business
Welcome to the Small Business Coronavirus Q&A.
In the video below, we’ve answered some of your questions on coronavirus funding as well as looking at concerns about what may be coming up in the near future.

I’m joined by an expert panel:
Sarah Greenwood, accountant at Accounts Department Online

Sarah is the complete small business accountant, she is a chartered accountant and Chartered tax advisor.
Sarah began her career in the insolvency team of a large mid-tier firm, spending seven years undertaking business advisory and restructuring work.  After a brief spell at a big-four firm she joined Accounts Department Online in Leeds where she advises SMEs and individuals. Sarah is passionate about her work, and loves helping her clients, especially advising and leading them to improve and grow their businesses.
Accounts Department Online is a virtual accounts office and has a range of clients across the UK.
Richard Bearman, managing director of Start Up Loans

Richard Bearman has over 20 years’ experience in the banking sector and over that time has developed a real passion for working with and supporting entrepreneurs. Richard is managing director at the British Business Bank and is responsible for the Start Up Loans programme.
Richard was previously UK head

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How to re-organise your shop post lockdown

Originally written by Anna Jordan on Small Business
The British Retail Consortium (BRC) has outlined social distancing recommendations for shops once we start coming out of lockdown.
They stress that it’s the responsibility of the business to decide what social distancing measures they’re going to implement based on what’s appropriate. Business owners should also be communicating with colleagues to reassure them of their safety within their roles.
Measures suggested below should be implemented alongside safety requirements like the Health and Safety at Work regulations.
Social distancing in and around stores
Outside store

Limit number of entry and exit points into and out of store. Consider having separate entrance and exit points if possible.
Limit the number of customers in the store at any time. Assess the size of the store and its layout, this will enable you to calculate the number of customers who can reasonably follow 2m social distancing.
Consider whether temporary barriers should be available in case it is necessary to stop people joining a queue.
Place clear signage outside of the store explaining the social distancing measures in place that customers should follow.
Place markings outside the store to assist correct queue spacings.
Speak to nearby premises to work together to manage possible shared queuing areas.
Consider non-contact

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