A great deal was written in the newspapers at the week-end , and as we approach the trading season in the run up to Xmas , the big question is that of , reduced consumer spend as a consequence of the reduction in government expenditure.
I suppose the most worrying aspect of the debate is the uncertainty about whether it will have an impact , and that businesses assuming otherwise are actually in denial.
In business networking events there are some businesses feeling the pinch more than others , but everyone surely has to look at how they are running their business , and prepare at least for some effect.
I was always taught that if your business is doing well create a crisis. Nowadays that is called risk management , where you are obligated to do a test to establish how robust your business really is.
Everyday as we engage with businesses,already the outlook for state of readiness for a so called double dip is not encouraging.
The facts are though , that we need to get ready , and even if the doom-mongers are wrong , all businesses will be in an even better condition if they apply some basic rules to audit the performance of their business.
The audit core subjects are customers,cash, employees and business systems. The question ,are these things being managed to maximise the impact of available revenue, the key objective being to survive any downturn should it emerge.
I get frantic when business owners say I am doing o.k , mainly because the alternative seems too much like a distraction .The good businesses do this automatically and it should be a way of life however well your business is doing . If it is a question of help look no further !!! http://bit.ly/9DpMt9
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