Budgeting is one of those terms that can either get you excited for the future, or sound like a drain on your time. We believe every business, no matter how small, should have at least a 12 month budget to support their business plan.
You may have heard stories of businesses seemingly going bust over night. Well, in the majority cases this simply isn't true. There are signals all the way that indicate whether you’re running a failing business, the trick is to firstly pick up on them quickly, and secondly to do something about it!
You most likely started your business because you wanted to be your own boss, you thought you could do it better than your competitors, or for a number of other personal reasons. It took grit and determination to get to where you are today, so now isn’t the time to give up; it’s time to fight for your businesses survival.
In times of struggle, it can be difficult to think clearly and define a plan of actions to take to get you back on track. So, we’ve outlined a very simple six step process for you to follow to get started on the right track.
Times of crisis such as the one we are currently living through can be a real test, not just for your business, but also for you as an individual.
It’s important to remember that we are all in this together, and we are here to support our clients however we can. So as we look to the future, now is as good a time as any to share with you our top 5 tips for navigating your way through this crisis, to make sure you come out on the other side well prepared.
We know that times are tough at the moment, and that your priorities have most likely changed. And we understand that many businesses are struggling, and are in need of support.
But it’s in times like these that it’s important to remember that we’re all in this together - you are not alone.
Our practice takes a less traditional approach than some might be used to, but we see that as a good thing! That’s why here at Inform, our team is working round the clock to support you and your businesses.
It probably goes without saying that you and your business have been impacted by the effects of COVID-19. You’ve been left clutching on to any sort of certainty that is left as daily changes present new challenges for you to overcome.