How Has COVID-19 Changed Businesses – Accountant in Victoria Park

COVID-19 did not only force businesses to adapt and adjust to a new way of working but for many it meant reinventing a direction, purpose, and long-term plans.

Today we are looking at how COVID-19 has changed businesses as we know it and what should businesses be focusing on to improve their results.

Home vs the office

Working from home has become a norm for many businesses and while this was a requirement at certain stages throughout the pandemic, some have decided to keep it a part of the company operation.

In that case, how do you manage a team or entire company working from home?

The first thing you want to do as a business is connect with the staff and get a clear understanding of how engaged they are with the working from home method. Some may prefer working from an office, next to a team, while others would prefer the working from home method.

Either way, any business who has part or all of their teams working from home needs to have the right systems in place.

As an accounting and finance company based in Victoria Park, we have had a large amount of experience during the pandemic assisting businesses with setting up their systems.

The first thing we recommend doing is sitting down with each team member and understanding what their needs are and what would make them more comfortable.

As a business owner, if you have KPI’s in place and if they are met does it really matter where the team is working from?

That’s why it’s crucial to take the time to understand the results of your current setup and see if anything needs to be adjusted.

Measuring success has been one of the biggest challenges for businesses throughout COVID so whether it’s timesheets, productivity, or job completion, proper systems need to be put in place.

What Technology is the business using?

The ‘new way’ of working was not something businesses had a lot of time to prepare for and as result, were left wondering how it is suppose to work.

One of the first questions we ask all our clients is where are the current roadblocks or where have the roadblocks been? this helps us understand how and where we can help.

Has communication been an issue? Has a team or business found it challenging to book meetings because they are not working in the same place? There are many solutions out there like Calendly for example that allows people to book appointments with you.

The other tip when it comes to using the right technology is finding the best way to track tasks.

An online CRM or workflow program are a great way to give businesses a clear indication of how their teams and company are functioning.

It is a great time for businesses to fully adopt the cloud mentality and get an understanding of what can work for your business on a cloud and what is better to keep operating locally.

As every business is different, there’s not one solution that will fit all. That’s why it is crucial to take a step back and asses what would benefit your business.

If you are unsure or need some advice, we recommend sitting down with those who have done it before and have an understanding on where to start, to ensure you are taking the right steps.

Most important, adapting to new technology would also result in saving time and costs, another reason why we always recommend that businesses look at the options that are out there.

If you have any further questions regarding systems or processes, contact us at Eventum and we would be happy to help.