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May 13, 2011 0

With all the uncertainties in the economy, the next few months will be crucial for businesses, their directors and employees.

Here are a few things I would recommend that every business owner should be considering now…

  • If you have built up debts during this Recession, you want to try to ensure that these are not going to hinder your future growth and profitability.
  • Interest rates have been 0.5% for over a year and they will go up at some point. So be prepared – especially for any increasing mortgage payments.
  • One of your customers could go bust. So try to make sure that you are not over-exposed to any one customer.
  • Some large companies are being very tough on their smaller suppliers. So be aware of any attempts to delay paying your invoices, for whatever reason.

Don’t bottle-up your concerns about your business or any Personal Guarantees.

If you don’t want to discuss it with your partner or bank, for example, give us a call on 0800 195 6768.

You can discuss your situation in a free and no-obligation meeting.

We help businesses, sole-traders and individuals deal with their financial issues.

We would work with you (and your business advisor) to help you and your business in these turbulent times.

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