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dti website
EuroPlanner
 'Preparing your Business for the Euro'
 euro website
Homepage Will your business be affected? Creating an action plan EMU information Euro tools
Creating an action plan

In this section you will find a number of planners which you can download into a word document and then complete to produce your own planned response to the euro.
Organisation
Sales
Purchase
Money
IT
Legal issues
 
Organisation  
Action plan
Whatever the size of your business the first step in drawing up an action plan is to agree who will be responsible (your EMU co-ordinator). Your EMU co-ordinator will need to look at all aspects of your business, including finance, computers, marketing and production. Businesses which have separate units responsible for each of these areas have found it useful for the EMU co-ordinator to discuss the business impact of EMU with all business units.
This checklist will help you to organise your preparations for the single currency and keep a track on progress and budget implications.
  Checklist
 
 
 

 
 
 
Sales Up
Sales and marketing
The euro will make it easier for you to sell your products or services to 290 million consumers.
Is it now the time to expand your export business to the eurozone or to start exporting to this market if you have not done so before?
  Sales and marketing checklist
If you are a first time exporter see Help for first time exporters.
  Help for first time exporters
Try our pricing tool to see what the effect of new prices could be on your profit margins.
  Pricing tool
(N.B. This utility must be saved to your harddisk before use)
Production
Will marketing or pricing changes require adjustments to products e.g. packaging or quality standards.
  Production checklist
 
 
 

 
 
Purchasing Up
Effects
The effects of the euro on your business finances.
  Purchase checklist
Before you use such an approach have you considered how the payment conditions vary in the EU countries?
  EU payment conditions
  Currency converter
(N.B. This utility must be saved to your harddisk before use)
 
 
 

 
 
 
Money Up
Effects
The effects of the euro on your business finances.
  Money
If you trade in eurosyou will have to deal with potential fluctuations in the exchange rate. The banks offer a number of products to reduce risks assiciated with such fluctuations. You should read the Word file on dealing with exchange risks before using the exchange risk tool as it explains the options available.
  Dealing with exchange risks
  Exchange risk tool
(N.B. This utility must be saved to your harddisk before use)
 
 
 

 
 
 
IT Up
Consider the implications
Having considered the implications of the euro for your business you can now consider the implications for your information systems. To make sure that you do not miss anything you might decide to use the following approach
  Consideration checkList
  Record of affected systems
Euro symbol
This tool allows you to download the euro symbol in the Times New Roman Font onto your computer. It can then be used by pressing "Alt E".
  Download the font
  Font installation
 
 
 

 
 
Legal issues Up
Legal issues
The following document discusses the legal implications of the Euro on your business
  Legal issues