AXA helps small businesses get fit for the Olympics
By Daniel Hunter
AXA Business Insurance is urging businesses to get in shape for the Olympics and is advising its customers with 10 top tips to help them take advantage of Britain’s most exciting summer in a generation.
The Olympics will provide the UK with a much-needed boost to the economy and businesses need to prepare themselves for the opportunities and risks they will bring.
The additional visitors and general buzz in the UK will be coupled with added strain on transport, extra demand for services, and supply issues which could mean a headache for business owners if they don’t think ahead. For example, many small businesses will be ordering in and storing much more stock to avoid these supply issues.
“With the Olympics not far away, it makes sense for businesses to think about what impact they will have on the day-to-day running of their business," Gerry Donnachie, Head of Underwriting at AXA Business Insurance, said.
"Will they have to take on more staff to cope? Will they need to start stockpiling products? Will employees be able to get to work on time? These are all issues that, if dealt with now, could help businesses enjoy a head start on competitors and a very profitable few weeks during the biggest event of the year.”
Top 10 tips for getting your business in shape for the Olympics:
1. Stock delivery is especially important for retailers and food outlets. It could become really difficult to receive or make deliveries as roads get busier and time restrictions are put in place by the authorities with vehicles being used needing to be registered with the police in advance. Businesses who make regular trips to suppliers such as cash and carry outlets will need to be particularly organized and may therefore need to consider stockpiling (if... continued on page two >