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Business Resilience in Tough Times

21.04.2022

Business

Business resilience in these tough times 

 

Millions of households are facing a rise in energy costs, alongside increases in the cost of council tax, water bills and other utilities and there is a warning of fresh energy bill price rises in October.

 

Energy prices have been affected by the Ukraine war and pressure on suppliers. There are continuing delays and shortages on a wide range of goods businesses need to function properly. In addition, the National Insurance rise is now hitting salaries, an additional cost to both employers and employees.   

 

Is it all doom and gloom or can you plan forward and make adjustments to your business to factor in these changes? 

 

Our experience is that business owners are a resilient group and those that are the most successful are also flexible in their planning. Here are some of our recommended actions, based on what we have seen other clients doing recently to firm up their resilience to these tough times:     

 

 

Please talk to us about planning ahead because we have considerable experience with helping our clients with their strategies, through regular management accounts and budget forecasting. Using technology is key to helping businesses through these turbulent times.    

 

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