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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.
02 Jun 2023
Confidence in the UK economy amongst businesses 'stabilised' to just below neutral in May, according to a survey carried out by the Institute of Directors (IoD).
01 Jun 2023
Research carried out by consumer electronics company Sharp has suggested that nearly half of small and medium-sized enterprises (SMEs) are planning on increasing their investment in business technology this year.