Double dip recession? – efficiency in your business is even more important!
The economy seems to have grown by 1.1% in the three months to June. Manufacturing output advanced by even more – 1.6% It can’t last – or can it? The truth is, we don’t really know. But one of the main drivers of growth, the public sector, will be cutting back soon and thats a definite. This will have effects on spending power across the economy and could hit your sales. On top of this, many businesses still report that maintaining credit limits at their bank, let alone borrowing more, is extremely difficult (despite protestations to the contrary by the British Bankers Association). If sales could be vulnerable and your bank is not an option, look at other ways of protecting your bottom line and dealing with cash outflows -perhaps by managing your cashflow better rather than by borrowing. This is where our approach can help.
