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UpdatesJan 29, 2021

Tips for taking on the risks of a new business

A lot has happened during the pandemic – businesses have been suspended, shut down, modified, ‘pivoted’, restarted and, in some cases, grown with acquisitions of other businesses.

By Michael Selinger

A lot has happened during the pandemic – businesses have been suspended, shut down, modified, ‘pivoted’, restarted and, in some cases, grown with acquisitions of other businesses.

But with all these necessary changes, there is a need for heightened awareness of the work health and safety challenges posed by entering into a new business, changing your current business operations or integrating an existing business with yours.

Some of the challenges you face in this area include:

If you are looking to integrate a business or set up a new operation, you should be aware that the introduction of any new workforce or different systems could pose several risks, which if not managed properly, may result in injury and potential investigations by safety regulators.

The common areas for these risks to occur include:

Given practical limitations, it is important to try to prioritise and ensure that any high-risk activities are addressed first.  This will require a level of planning before the commencement or integration of the business occurs.

Equally, these issues can arise if your business is entering into an agreement to operate a joint venture or a partnership with another organisation for a limited duration. In those situations, there can be times where your workforce acts in unison with the workforce from another organisation. The key aspects to focus on in that sort of arrangement are to:

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