Page 3 - Higgs Today - October 2020
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What have we learnt?
What is the one thing the business has learnt in this period?
OUR BUSINESS MODEL IS PRETTY OVERCOME WE CAN
RESILIENT
TECHNOLOGY IS CRITICAL
IS KING
CASH
TRUST YOUR STAFF TO WORKING FROM HOME CAN WORK JUST AS WELL AS IN AN OFFICE OTHERS ARE WORSE OFF
WORK FROM HOME
FLEXIBILITY
DON’T BE SCARED OF
HOME WORKING
ADAPT TO
THE CHANGE
BE AGILE
BUSINESS RISKS
COME IN
UNEXPECTED WAYS WORKING CAPITAL IS AS IMPORTANT AS EVER CAN HAPPEN QUICKLY IF IT NEEDS TO CHANGE TRANSPARENCY ACROSS THE WHOLE BUSINESS
NIMBLENESS
COMMUNICATION IS KEY
IMPOSSIBLE ENSURE YOU HAVE A
TO PLAN FOR BUSINESS
EVERY
EVENTUALITY CONTINUITY PLAN
Headline figures
Pleasingly, with the summer holidays behind Our WIP and some of our debts are starting
us and no-one left on furlough in September, to age and we have to address this across
we were delighted with the production levels the board. Now is the time to start reviewing
across the firm last month. For now, we your WIP, chasing your debts and planning
do have plenty of work for our lawyers. the month ahead. There is enough production
and WIP for us to achieve a good billing
This, coupled with the fact that billing didn’t month in October and a strong year end.
follow production, has resulted in us having
a significant level of work in progress.
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