Found this on the Means-of-Escape.com forum.
http://www.means-of-escape.com/forum/viewtopic.php?f=5&t=55I thought it highlighted pretty well how business's may be feeling right now.
What do you guys think?
"A thought occured to me that I wanted to share with you all and open it up to a little discussion. Remember, its just food for thought.
Let us say we have small and struggling company A.
A small number of staff in a small premises, a typical office environment. Premises no larger than two storeys.
With the advent of the RRO they have conducted their risk assessment and ascertained a need for an exspensive fire safety arrangement change that is disproportionate to how effective it will be in terms of life safety, but a requirement none the less.
This could be a piece of equipment or an alteration that needs to be made to the property.
Now at present struggling company A does not have the capital to finance the changes.
We are going now to assume that a Fire did occur at the property.
With this in mind I have listed below three possible actions the company could have took with the consequences when the Fire occured and consequences for the business overall of both the decision and the fire.
1. Company takes out a loan to pay for the alterations. When the fire occurs no body is harmed and all are fine. Unfortunately, although insured, the loan meant that in re-starting the business the business just did not have enough fluidity to get back on its feat and the company closes.
2. Company decides to set a time scale for implementation and begins to save for the alterations, in the mean time all are told to be extra viiglant for fire as they are liable in the interim. The fire occurs, one member of staff is injured due to smoke inhalation as a result of a lack of the particular alteration. The company manages to re-start and continues for some time but ultimately fails. Some people are able to get jobs elsewhere others are not so lucky. The reason for closure was the money saved for the alteration was not put invested in the company causing a small downturn in profits which ultimately left them short of just enough capital to function well after the fire.
3. Company decides not to invest in the alteration as at this time its just not justifiable in relation to the size of the company It will be dealt with when the company can handle such things. A fire occurs. 3 Members of staff are treated for smoke inhalation, 1 more passed out upon reaching a safe distance. The company manages to re-start and comes back with a vengeance, the staff all aware of how close they came to loosing their financial security. The company goes on to do well and the safety arrangement is paid for as well as additional ones.
I've tried to keep these fair I think all have there merits but it depends on the persons point of view and priorities who reads them on as to what they think is the best scenario."