Kate and Jay were neighbour in the year of HKCEE, and that was time for old schoolmate gathering. They talk about everything, such as old jokes, families and works. Kate is a solicitor practicing in business affair, and Jay is a government fund consultant helping clients to apply for the BUD Fund and the TVP grant. Both are busy recently.
Business law and consultant service surge in adversity
Kate has established a very good business network for years. There are a lot of business default due to the COVID-19 pandemic economic downturn. Business owners usually focus on deals and ignore the legal risk. It is still alright in flourishing time, but the problems surface during adversity. Not only all the profit you have to give it back, but also a huge sum fee to the lawyers you have to pay.
The situation for Jay is a bit different. Due to the epidemic, SMEs are now lack of cashflow and need government fund very much. As a BUD Fund consultant, she has plenty of businesses during the time. However, some business owners attempted to apply for the fund themselves and found it complicated. Some even already commenced the BUD items and has no return. Continue the project or not, that’s a hard decision, and they have to find a government fund consultant to help.
Too late to find a consultant if things happened
If the clients seek for professional advice at the very beginning, things will be much better. Though a government fund consultant and a solicitor are totally different jobs, they have a quite similar workflow. Understand the overall picture of the clients first and judge an ideal solution after a short interview by experience. It is true that fixing a mess brings more professional service fee, nevertheless, both prefer starting in a better position with good advice and complete the task smoothly.
Consultant help you to succeed
A good planning can avoid costly aftermath. Focus on your own business and let the professionals help to manage the risk with their experience. Playing in an adversity is no easy, why not have a head start?
Just after this gathering, the third wave of Coronavirus in Hong Kong arrived and a new order of limited gathering announced. No dine-in after 6pm and another gathering much later. Expect the unexpected.
