It’s all about growth… or is it?
Despite worries about the slowdown in global economic growth and the uncertainty caused by the Brexit issue there is still an air of confidence and optimism in Yorkshire.
There is no shortage of advice on how to grow your business, but of course it should not be growth at any cost.
Productivity seems to be a fashionable buzzword.
In simple terms it means optimising the use of time and resources in your business.
An organisation which runs efficiently will provide better service, have better margins resulting in competitive pricing. It often also involves investing in technology.
Financial planning is essential. It’s easy to run short of cash flow in a growing business.
Asset Based Lending (ABL) is a good way of financing larger B2B businesses utilising the value of the debtor ledger as well as other assets like stock.
Despite the best-laid plans, inevitably some businesses will stumble but it doesn’t have to result in a catastrophe if early specialist advice is sought.