Covid-19: what to consider when adapting your business model




The COVID-19 pandemic has had, and will continue to have, a devastating impact on Australian businesses and people. The Australian federal and state governments have been imposing additional restrictions on Australians and businesses. Prime Minister Scott Morrison recently announced that the government expects these restrictions to last up to six months.

Businesses need to be proactive in adapting their strategies and business models to ensure business continues and customer demand is met. Many businesses have looked at taking their services online such as gyms now providing online fitness classes, restaurants and cafes moving to home delivery of meals, and even adjusting the business model to meet a new manufacturing or service need.

While businesses evaluate how to adapt their business in light of the COVID-19 pandemic, it is imperative to consider the legal consequences of what they decide to do and ensure the correct steps are being taken. If proper practice is not followed, there may be serious impacts for businesses further down the track:

Read the full article here

Read More News