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At Mitchells we can provide businesses in the Cheltenham area with advice and support on a wide range of business issues. This article suggests 7 ways to protect your business against a downturn.
Small and medium-sized businesses are particularly vulnerable to economic downturns. But all too often we see companies going under that could have stayed afloat if they had taken a few elementary precautions at the right time.
The right time to protect your business against a downturn is when it is relatively strong and you still have room to manoeuvre.
Here are seven steps you should consider taking:
If you are in the Cheltenham area and are looking for support and help from experienced accountants and business advisers, contact Mitchells.
01 Feb 2023
The International Monetary Fund (IMF) has warned that the UK economy is set to contract worse than any other advanced economy in 2023.
31 Jan 2023
The UK's business confidence has dropped to a 13-year low, according to a survey conducted by the Institute of Chartered Accountants in England and Wales (ICAEW).