Things that lapse.
WHAT EXPIRES
Sector licences Local permits Professional registrations Passports and identity documents Tax clearance certificates Insurance policies Domain names and certificates Trademark registrations
WHY LAPSES ARE COSTLY
Reinstatement is frequently more difficult and expensive than renewal.
WHAT SOME LAPSES CAUSE
Inability to trade Contracts breached Tenders disqualified
WHAT TO BUILD
A single register of everything that expires.
WHAT TO RECORD
The item The issuing body The expiry date The renewal lead time Who is responsible What renewal requires
WHY LEAD TIME
Some renewals require weeks of preparation.
WHAT TO SET
Reminders at the lead time, and again nearer.
WHAT TO ASSIGN
A named owner for each.
WHY
Shared responsibility means none.
WHAT TO REVIEW
The register, quarterly.
WHAT TO ADD WHEN ANYTHING NEW IS OBTAINED
Its expiry, immediately.
WHAT COMMONLY GETS MISSED
Items obtained once and forgotten Items held by a departed employee
WHAT TO DO ON ANY DEPARTURE
Check what they held.
WHAT TO KEEP
Evidence of every renewal.
