What Are You Doing To Recession Proof Your Business?
Client Relationship Building, Foundations, Systems CommentsIn case it has escaped your notice, we are in troubled times – heading for a recession at lightening speed if the Media are to be believed.
Whoever you listen to at the moment, whether they are experts on the economy, Politicians or other figures of authority, the word on everyone’s lips is…
“Recession…”
But is the economy really as bad as we are led to believe? And if it is, what can you – as the owner of your business – do to reduce the impact it will have on you?
It’s definitely the question I’m asked the most at the moment:
“What do I need to be doing in my business in order to survive?”
It’s true that consumer and some business spending is down. It was announced recently that retail spending for April in the UK was dramatically down on the figures for the same period last year. Indeed, the annual midsummer retail report states “this is the worst retail market since the early 1990s”.
