Building business resilience
The British Business Bank’s Guide to building business resilience contains impartial, practical, and actionable information and support to help smaller businesses manage their costs, boost their long-term profitability, and increase their resilience.
There is guidance on a wide range of subjects, from energy efficiency to investing in technology, included to help make your business more innovative and resilient.
Other topics covered in the guide include:
- Foundations for growth;
- Managing business costs;
- Securing funds, grants and controlling debt;
- Focusing on customers;
- Optimising your supply chain; and
- Controlling staff overheads.
You can access the Guide here.
Our view…
Whilst there is a lot of value to be found in the guide, particularly around customer retention, grants and finance, there are also some comments around marketing and pricing in particular that we’d challenge. As with anything in a generic guide, you may need to be discerning in the points you take from it!
If you’re unsure about making changes to your prices, we’re here to help so please get in touch to discuss your plans or concerns.
Business News
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