Coronavirus has brought unprecedented upheaval to businesses across the world. Whole industries have been plunged into hibernation. The uncertainty surrounding Lockdown and varying levels of restrictions and when we may finally move beyond them has caused countless sleepless nights for business owners.
We’ve spent much of the last 18 months working with clients to keep them up to date on the support that’s been available to them. We’ve helped them create cash flows and apply for the different types funding and support, as well as helping them access Government grants and decide how to make decisions based on constantly shifting sands. We’ve been keeping in touch, sending information and posting a host of blog posts, to get as much information out to our wider networks as we can, just to translate all the guidance and to provide as much support as we can as that financial support has been withdrawn.
We’ve been told all of that’s been really helpful, but NOW it’s time to look forward.
This situation will end, that much we know. What we all need to do now is make sure we’re putting ourselves and our businesses into the best position for the future.
(This content was created in the first Lockdown BUT it is equally relevant as we move through the uncertainty that has surrounded Omicron and rapidly rising case numbers!)
The weeks ahead are a great opportunity to take control of aspects of our business that maybe we haven’t done in the past. It’s a great time to reconsider our records, monitoring and processes to be as efficient and informed as possible.
And it’s a great time to make some proper plans for the future.
Our ‘Rebound Resources’ are a range of tools and information to help you prepare for the future.
- Whether you’re resetting after the pandemic, Brexit, the loss of a major customer or any other business shock, they’ll help you take control of your cash, your pricing, your budgets and some of your internal processes.
- They’ll help you reopen your doors with confidence, with a clear plan of where your business is going and how it will get there.
- They’ll help you be sure that you have a clear view of the funds you need and when along that journey.
It’s a sad fact that a large proportion of business failures come AFTER recessions.
Business owners start running too fast, without ensuring their finances are under control and constant review. Over-extension follows and there just isn’t enough cash to sustain the business.
With some time spent working on the right areas of your business you can make sure this doesn’t happen to you.
Take the time to educate yourself, and to build the right plan, processes and reporting mechanisms for the future.
Are YOU ready to Rebound?
If you’re a client of ours and have any questions on any of these as we publish them, please do get in touch. You all have different businesses, experiences and goals, so we can’t possibly cover everything here, but are very happy to help!
NON CLIENTS PLEASE NOTE: These Resources are NOT supposed to be a replacement for a detailed conversation with your own Accountant. They’re meant as a way to bolster your knowledge and help you look forward, but to get the most from them, you should discuss the outcomes with your own advisor.
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