Small and medium-sized businesses are particularly vulnerable during economic turmoil. 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. And the right time to protect your business against a downturn is when trading is relatively strong and you still have room to manoeuvre.
Here are seven steps you should consider taking:
It can help to have another pair of eyes review your position and identify potential weaknesses that need addressing before it is too late. This is something with which we have a great deal of experience.