On my way to the office this morning, I passed 3 petrol stations all with queues of traffic and I couldn’t help thinking back to the last fuel crisis – I think it was a tanker driver strike – and the stress of trying to run a business when you don’t know how you are going to get around.
This fuel shortage is the latest blow to an economy that is struggling post pandemic and post Brexit. Material shortages, staff shortages, gas prices increase. Not wanting to get political, but the government’s plans (if there were any) did not take into account this scenario, did they?
The next few months are going to be tough; inflation is on the rise and interest rates will inevitably follow. The only businesses that survive this type of rough economic conditions are the lean efficient ones.
What a depressing start to a blog! But, as the song goes, when the going gets tough the tough gets going. It would be easy to throw in the towel and not get out of bed in the morning, but business owners aren’t built that way.
So now is the time to get your business in order, so that you can weather the storm that is on the horizon.
Fortunately, we are here to help:
The first thing to do is monitor your cashflow – read our Guide to Cashflow and make sure you are looking at your cashflow regularly, if it looks like it’s getting lower, then do a cash forecast.
Secondly, keep an eye on our Blogs and Factsheets – we are always updating them with ideas and tips to help you and your business.
And thirdly, we are here to help you survive and thrive, so contact us if you are experiencing problems in your business and we will work with you to sort them out.
Lastly, lean on us, we are here to help. Call us, email us and let’s have a chat about you and your business, if we can help, we will help.
About Us
The aim of Accsys Accountants is to help our clients grow their businesses, by ensuring their finances do not get in the way of growth. We are Accountants in Maidstone, Kent who offer different level of services to suit all types of company, including Accounts, Tax Advice, Bookkeeping and Payroll and we do all of this through a fixed fee service with unlimited support.
