1. Why get a health check
Our business health checks are ideal for owners, directors and leadership teams wanting to make their operations more efficient and in a way that minimises risk. It can help you, whether you are just starting out or are well established and need to get things up-to-date, and looks at all commercial aspects from employment, HR and contracts to intellectual property and data protection.
If left unchecked, legal and operational risks can cause a wide variety of damage to your business, impacting on value, relationships and resources – acting early by identifying and addressing these risks can avoid disputes, protect what you have built and plan for the future with confidence and optimism.
2. Before the call
This is the chance for you to get organised. Collect your contracts together, find your company books and consider your data flows within the business. They might be tedious jobs but getting them done early will not only speed up the health check but also give you perspective on your activities.
3. The call
Our team want to understand the businesses we are working with, their objectives and the challenges they face. The initial call is the opportunity to make that face-to-face connection and discuss priorities. There is no limit to the numbers you can have join from your side so ensure you have all relevant voices joining that can contribute to painting a detailed picture of your organisation.
4. The questionnaire
The next part of the review comes through our questionnaire on the details of your business, which we will run through with you to ensure you have full clarity in what we need and why. When you get to answering the questions, the more information you can provide, the better so be as comprehensive as possible as the smallest detail could unearth the biggest risk that could be addressed.
Our team will want to understand the business they are working for so take your time and be as comprehensive in your responses to ensure they have a complete picture. On our initial call, we will agree whether you will fill in the questionnaire yourselves or if we will do this for you on another call.
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5.Once you get the report
Our team will turn around a concise, tailored report with a structured assessment of your business from a legal perspective – including clear recommendations around your areas of risk.
It’s up to you to then implement any recommendations for improvement, but our team is always on hand to provide advice or to update it with any changes.
Thrings’ Commercial lawyers are experienced in supporting businesses of all sizes through the complicated changing worlds of contracts, intellectual property and technology, helping clients to stay on top of new laws and ensure best practice.
To find out more about the Business Health Check and how it can help your organisation achieve its goals, get in touch today.
