Five Things To Plan And Do Now
Here is a list of five things that you, as a business owner, need to be aware of and plan right now!
- Control over cash flow / Arrangements with a lender
Be sure that you look after your cash flow and if you anticipate problems, arrange with lenders that would be able to help you with financing.
- Supply chain availability
Due to COVID 19 supply chains across the world are disturbed for most of the products and services; make sure you are aware of any impact on your business and can put alternative supply chains in place if needed.
- Health & safety
You need to ensure that your business has new health & safety policies and procedures in place. Also, be mindful that this could be at an additional cost that you have not included in your budget.
- Working from home
Since most of the staff would be working from home for the foreseeable future; the businesses should ensure they have good & reliable systems is in place to make this happen. Working from home for a more extended period ultimately means that the staff should receive training and support to work independently. Ensuring they have the software and equipment they need might also influence your budget.
- Tax and Business Cost efficiency:
As we are expecting to a severe downturn in the economy; it is crucial for the success of a business that they have achieved tax and cost efficiency to gain maximum profits.
These are Five things Need
To help businesses, we are providing a service to review if they are an optimum level of cost and tax level.
If you have any questions; feel free to contact us or Telephone: 020 3883 4777