INDEPENDENT NEWS

What Next? MYOB Guide Helps Businesses Navigate COVID-19 Recovery

Published: Wed 27 May 2020 11:22 AM
As the country begins its substantial economic recovery in response to the effects of COVID-19, MYOB has released the final guide in their Business Preparedness series – this time, aimed at helping businesses focus on the next stages of rebuilding, redevelopment and growth.
The SME-focused resource has been developed to provide businesses with practical advice around coping with the wide-ranging effects of the COVID-19 pandemic – from tips on how to do business safely and where to get support, to evaluating business purpose and finding new ways of working by continuing to use new digital tools.
MYOB NZ country manager, Ingrid Cronin-Knight, says despite the pressures on SMEs throughout the country, New Zealanders have shown why they are renowned for innovation, ingenuity and determination, especially when in unprecedented territory.
“New Zealand businesses have embraced technology and changed their working models to support both their customers and employees – whether that’s through videoconferencing, e-commerce or social media. For many businesses, they may feel they have leapt 20 years in just two months in their digital transformation,” says Ms Cronin-Knight.
“Overall, we’ve shared, streamlined and connected in ways that, as we began 2020, may have been out of reach for many organisations. The job is not finished yet however - it’s imperative we continue to work together to support both our local communities and local business owners.”
The latest guide also looks at how businesses can stay nimble and improve their response to new operating restrictions, as well as reflecting on learnings from experiences of working from home and adapting them for the workplace – such as streamlining meetings or avoiding unnecessary travel.
Ms Cronin-Knight says the recovery will continue to challenge SMEs over the coming weeks and months, pointing out that it will require all the creativity, courage and discipline the business community can muster to not just survive, but succeed.
“It is going to be tough but local SME operators can be confident of having the support of New Zealanders behind them. We’ve already seen this demonstrated through everything from the shop-local campaigns to a renewed focus on domestic travel.
“Looking ahead, many organisations will have to adjust their business strategies and for some, their target markets. Accepting those limitations and finding new ways to adapt, will be a vital part of rebuilding local businesses and the economy,” says Ms Cronin-Knight.
The third edition of the MYOB Business Preparedness Guide is available now for download.

Next in Business, Science, and Tech

Snail's pace: Aucklanders face frustrating commute over Harbour Bridge
By: RNZ
COVID-19 Sees Record 12.2 Percent Fall In New Zealand’s Economy
By: Statistics New Zealand
Scientists Release ‘Blueprint’ To Save Critical Ecosystems And Stabilize The Earth’s Climate
By: Joint Press Release
Independent Review Launched Into Assurances For Safe Transport Of Livestock By Sea
By: Ministry For Primary Industries
New Zealand PC Market Grows Nearly 40% Due To Work From Home Demand
By: IDC New Zealand Ltd
Public Transport Distancing Requirements Relaxed
By: Ministry of Health
New Zealand Hemp Industry Set To Generate $2 Billion Per Annum And Create 20,000 Jobs
By: New Zealand Hemp Industries Association Inc
One In 14 Employed People Report High Risk Of Losing Jobs
By: Statistics New Zealand
ASB Quarterly Economic Forecast Shows NZ Economy Doing Better Than Expected, But Challenges Remain
By: ASB
Live Export Ship Carrying 5,800 New Zealand Cows Goes Missing In East China Sea
By: SAFE
FMA Releases Report Into Active And Passive Fund Management
By: Financial Markets Authority
Engineers Assess Damage To Auckland Harbour Bridge After Truck Strike
By: NZ Transport Agency
Motorists Urged To Avoid Damaged Auckland Harbour Bridge
By: NZ Transport Agency
Harbour Bridge: Public Transport A Great Option And Plan Ahead
By: Auckland Transport
Second Harbour Crossing Needed Now, More Than Ever
By: New Zealand National Party
View as: DESKTOP | MOBILE © Scoop Media