Governance is non-negotiable as a Business Owner.
Many Company Owners start a business without realising the responsibilities & weight required of a Director. When the buck stops with you, there is no room to shirk your duties. “I didn’t know” doesn’t cut it“.
As a Director you have obligations by law to your business and to your employees. At the end of the day, you are accountable for what your business does both with and without your knowledge. You need to be in the full know. It is imperative that you understand your business operations, your cashflow, and ensure you have a robust business plan.
You have a responsibility to provide cashflow, mitigate risk and have a plan to operate or survive your business through times of crisis and disruption. Now is the time to ask what you don’t know – ask, prepare, plan & test – repeat. Once crisis hits, without a plan you’ll have a sinking ship.
Don’t let your lack of knowledge get in the way of your success. Protect your business – after all you have spent years building it
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