Preparing for regulation: what are your options once the new Act and Regulations are in place? You should read this regardless of which option you choose as there will be things that you can do now that are common to all. We will highlight these for you.
Terminology we’ll use:
4.1. Get the Qualifications you need
4.2. Will have to comply with the new Code
4.3. Will have to comply with the FMC Act and any regulations that apply.
What are the options available to you:
So, in the interests of keeping this brief we’ll comment on Option 1 in two parts in separate articles (sorry but those in the other two options will need to be patience). We will be producing future articles on option 1, 2 & 3 over the next 3 months.
Our catch cry is “Stay Ahead of the Pack”. By this we mean don’t handicap yourself by starting at the back with the MASSES.
Prepare a budget.
Yes, there will be a cost. Both financially and your time. Your most valuable asset is time. Keep in mind the wise words of Peter Drucker (Peter Drucker is world-renowned for his innovative thinking in the ways of business management. He said, “Do what you do best and outsource the rest”.
Get your house in order by doing the following:
Review current practices.
Would you be compliant if the current Code applied to you and your business?
The next article will cover this in more detail as well as how to make a start.
Till next time remember the 6 “P’s” – Prior Preparation Prevents P… Poor Performance!
Article by Gavin Austin – Director and Principal Compliance Consultant Adviser Business Compliance (ABC).
Professional IQ College offers workshops, online courses, webinars and qualifications.
For upcoming events:
Where members can access industry Resources & Media Content