What is ADAPT? What does it mean and stand for?
COVID-19 has changed the world, and right now it is not the strongest that will survive, it is those who can adapt. Drawing on my background as a geneticist, we came up with the following acronym:
A Apply for funding and other help
D Delay payments
A Access advice
P Prepare for possible outcomes
T Tool up for change
At the beginning of the COVID-19 pandemic, the general response was disbelief and almost universally we were slow to react and slow to accept change. Now that we are in the middle of it, we are still overwhelmed but now the overwhelming thing is the number of options and opinions and possible outcomes. Many of these outcomes are terrible. We need to ADAPT!
Logically, the first letter and first step of our acronym is Apply. This is a clear first action to get help but the next steps and the change in the longer term is equally or more important. We have important lessons to learn about business and about the new normal to get ahead after this is over and while we are emerging from our current chaos.
Please read all six of our special entries to our blog on adapting your business to survive the pandemic.
Gilmour Group CPA’s is step three in this acronym. Access advisors. Reach out to us to make changes and to read the signs of change so that they help you instead of stopping you.