Showing senior leadership during the current business climate

Showing senior leadership during the current business climate.

Our CEO shares advice for business leaders during the current COVID-19 epidemic.

From the importance of keeping lines of communication open, to securing long-term employment and an SMEs future by cutting expenditure.

Sam Rowe, CEO of the Istoria Group, says cutting expenditure helped save staff.

First published for Real Business.

“Our first priority was to safeguard our staff by securing cash flow by ensuring access to capital and arranging overdrafts with our bank. We balanced this with cutting all unessential spending whilst still investing for business continuity. Our senior team all volunteered to take a pay cut and some staff members have agreed to reduce 1 day of their working week. We did all this to avoid redundancies and secure the long term future of our business.”

Sam Rowe has paid particular attention to communication in the new remote world the business finds itself in. When staff need access to a senior member of the company, Sam has made sure that is easy to do – providing much needed clarity and confidence to the team.

First published for be the business.