Employees working together to strengthen the company during pandemic
Peter Ralevic

Peter Ralevic

PhD, CPA, CA, CFA, LPA

How your Organization Can Be Stronger than Ever in 2021

Your business may be very different coming out of the pandemic. Here are some ways that you can make it stronger than ever.

How to Make the Rest of 2021 Better Than Ever for your Company

As society reopens, many are thinking about how things will be different. This is true for people as well as for organizations. Even with vaccines and the loosening of health restrictions, things have changed, and the pandemic recovery period could be quite different from the way things were prior to COVID-19.

Life has been reshaped in many ways since early 2020. Economies, personal lives, and political lives are all very different than they once were. While this can seem challenging and potentially even overwhelming, it also represents an opportunity. This is a chance for your business to adapt, grow, change, and come out of the pandemic even stronger than before. Here are ways to do just that. 

Recalibrate your Goals

Having clear goals and plans to achieve them gives you a much greater chance of success. Over the last year, your business model may have changed. You could be doing things completely differently now than you were before the pandemic. If that’s the case, you’ll want to adjust your goals and plans. Returning to normal may be the goal, but the definition of “normal” may have changed for your organization.

While you might have been in “survival mode” since March 2020, you can now look forward to the future. What do you want to accomplish? What do you wish to achieve? If these goals are different than your older goals, how will you need to shift your work to meet these new milestones? 

You may also need to update your organization’s mission statement and vision. This is especially true if you’ve pivoted your business over the last year. Work with your team to position your business for the future.

Focus on Culture

Having a positive organizational culture remains important. In fact, if your business has changed significantly, your culture becomes even more crucial. You may be asking your team to take on very different roles than the ones they once had, or you now may have most of your staff working remotely when this wasn’t the case before. These changes highlight how critical it is to strengthen your organizational culture.

The stronger your culture, the stronger your business will be. Find ways to make everyone feel a part of the team, no matter where they’re working, and devise strategies for recognizing employee accomplishments. This will increase employee engagement and boost productivity and morale. 

Strengthen your Continuity Plan

The pandemic changed many businesses overnight. For instance, your team may have scrambled to get everyone working remotely with as few disruptions as possible. Think about these changes and what you may want to do differently in future situations. We may not be faced with a global pandemic again (hopefully), but we will certainly be faced with changes of some sort in the future.

Think about how your business reacted to the pandemic. What processes worked and what, if anything, didn’t work? Create a continuity plan that incorporates these lessons. 

Don’t forget to include strategies that cover employee health and well being. Not only is it a good idea to have sections in your continuity plan that are designed to protect the health of your team, but you’ll also want to have a plan for how the organization will deal with the absence of key team members in the event of a health and safety issue. For instance, if a member of your management team were to fall ill and require a long absence from work, how would you ensure that the organization could still function effectively? 

Get Help

One of the best ways to bolster your business is to be versatile, adaptable, and to take advantage of your strengths. And excellent way to accomplish this is to work with experts who can help. Not only does dealing with contractors who are experts in their field allow your business to take advantage of their skills, but it also increases flexibility. When working with contractors and freelancers, you only need to pay when you need work done and you don’t have to worry about benefits, vacation time, and other expenses.

Plus, working with contractors and freelance workers means you’re not responsible for their workstations or IT setups either, which means significantly more flexibility in situations where the conditions at your organization change (such as needing to shift from the office to working from home).

Finally, when you work with experts such as the team at Ralevic & Ralevic LLP, you can leverage their experience to improve your business. We help businesses grow and thrive. Contact us today to find out how we can help.

Peter Ralevic

Peter Ralevic

PhD, CPA, CA, CFA, LPA
Partner

Share this post

Recent Posts