Brew Accounting

  • Home
  • Resources
    • Blog
    • NewsLetter
    • Business Development
  • Solutions
    • Business Accounting
    • Individual
    • Hospitality
  • Team
  • Contact
  • Home
  • Resources
    • Blog
    • NewsLetter
    • Business Development
  • Solutions
    • Business Accounting
    • Individual
    • Hospitality
  • Team
  • Contact

Reinventing your product and service offering post-Covid

28/7/2020

0 Comments

 
Reinventing your product and service
​

​How will you innovate, re-engineer, adapt or widen your lane #PostCovid? From tech adoption to product dev and blowing up stale processes; a crisis forces change. How are you innovating for your #BusinessRecovery?

During times of crisis, we’re forced to reinvent the way we work and what we work on to remain sustainable. From technology adoption to product innovation and blowing up stale processes, a crisis forces us to start with a fresh page and plan for a better, more resilient business.

Four ways to reinvent your business post-Covid:
​

1. Innovate. Defined as ‘the introduction of new things, ideas or ways of doing something’. What new behaviours or needs exist in your target market and how can you create a new product or service to meet these needs?
2. Re-engineer. How can you change and improve the design of your current offering? How can you produce it better, in a way that reflects your customers’ changing needs?
3. Adapt. How can you change the way you deliver your products or services in this new business environment? Adapting your opening hours, the sales process or your follow up support options are examples that may help establish a new ‘normal’.
4. Widen your lane. Do ongoing supply disruptions or changes to competition provide the opportunity to extend your offering? What expansion opportunities have presented themselves as part of the post-Covid landscape?

Remember, you’re defined by what you say ‘no’ to as much as what you say ‘yes’ to. Test the market, reach out to loyal customers and seek how you could innovate, re-engineer, adapt or widen your lane to continue being their brand or supplier of choice.
​
Innovation is a key part of your Business Recovery Plan. Call us to see how we can help your recovery through developing more resilient products and services.
​
We are here to help, contact us today:
Brew Accounting Pty Ltd
Phone 0405 027 250 | Web brewaccounting.com.au
Email joanna@brewaccounting.com.au
Suite 7/104 Crown St, Wollongong NSW 2500
Content originally published by BOMA. We have updated some of this article for our readers
0 Comments



Leave a Reply.

    Archives

    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020

    Categories

    All
    Financial Awareness
    General
    Management & Strategy
    Payroll
    Sales & Marketing
    Superannuation
    Tax


      Learn More

      Get monthly updates with
      ​the latest news and insights. 
    Subscribe
Call: 1300 273 900 today and speak with one of our friendly Accountants.
Book a Meeting
Picture
Brew Accounting is a CPA practice.
Picture
Registered Tax Agent
Picture
Chartered Tax Advisor
copyright(c) 2021 Brew Accounting