Western Australia's biggest enemy? Complacency

Published by rickguy on Mon, 21/04/2008 - 2:18pm

A message for business owners: It's a worrisome world, mate. So what's the plan, Stan?

Talking up the market is not a strategy for survival. Realtors, bankers and financial services brokers have proved that much in the past year.

At Jagwa Forbes Group we don't believe that silencers on alarm bells are an acceptable alternative to vigilance and business continuity planning. We know that the direst consequences come from surprise; and that surprise comes from lack of preparedness. To Australian businesses that are in the ‘it couldn't happen to us' comfort zone we put it simply: survival is not compulsory. If you do not have a tested, proven continuity plan today, we recommend you acquaint yourselves with the 2008 reported trends - global to local - on the following:

 

  • Oil and other Energy Sources
  • The growing residential real estate crisis [Australia, Brazil, Spain, UK, USA etc.]
  • The credit crunch affecting commercial enterprise
  • Food cost escalation
  • Employment imbalances
  • China's shifting economic fortunes
  • Currency and stock exchange volatility
  • Healthcare affordability and capabilities

 

Have you looked at your supply chains lately?

Do you know who owns every link in the chain?

Would you know soon enough if serious problems develop upstream from you?

Can you be sure that when someone else is manning their own bilge pumps, you know about it in time to keep your ‘ship' from sinking?

 

  • What happens if oil cost and supply shortages slow the mechanized operations at mine sites?
  • What if aviation fuel supply difficulties reduce fly-in fly-out capabilities and frequencies?
  • Supply chains on which individuals and businesses depend include food, water, power, transport, money and more - have you got it covered?

 

Taking care of business is like taking care of family. It is not scaremongering to care enough to identify vulnerabilities and weaknesses, and then to do your best to prioritise and remedy them. Some workable processes are available to achieve this outcome. Call Jagwa Forbes Group for a positive start to your business continuity program.